14 September 2007

IAC WINS INTERNATIONAL TRADE AWARD

IAC has won the coveted RBS International Trade Award in this year’s Hampshire Business Awards. IAC was chosen from among numerous companies across the south of England who all had strong international growth.

The awards are the annual search for Hampshire’s best businesses. IAC was eventually chosen as the winner due to our carefully planned and well executed strategy of using international trade to turn it around from a loss-making UK business to the world's largest noise control company.

Brian Quarendon, CEO and Group President said: “We are delighted to have won this award. Exports have certainly been the key in turning our company into the global leader in the sector. Since 2003 IAC’s sales have increased from £22M with only £1.8M of export/overseas sales to over £40M in 2006 with £22.4M of export/overseas sales. This is forecast to grow to over £49M with an even greater share of export sales in 2007. This strategy has not only preserved our 150 Hampshire-based jobs but has allowed us to create more jobs in the UK and across the globe.”

Mark Price, of Award sponsor, RBS is Regional Director for Corporate Banking in the South East. “[..] we were hugely impressed by how international trade has transformed the business. IAC’s role in maintaining Hampshire as a great location for international trade makes it a deserving winner.”

Other Award winners were VT Group plc, named KPMG Company of the Year, and Isle of Wight based composites materials company, Gurit UK, who won the Bond Pearce Innovation Award.

The Awards gala dinner took place at the Royal Navy’s ‘Action Stations’ attraction within Portsmouth’s Dockyard. The evening was attended by business representatives from many of the county’s leading businesses and this year’s sponsors, RBS, KPMG and Bond Pearce.

ENDS

For further press information please contact: Sally Davis in the IAC Press Office on 023 9266 1600 m: 07802 436739 sally@theprdepartment.co.uk


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