Martin Naughton (businessman)
|Born||1938/1939 (age 79–80)|
|Residence||County Meath, Ireland|
|Education||De La Salle College Dundalk|
|Known for||Founder of GlenDimplex|
|Net worth||US$1.0 billion (October 2018)|
Naughton is an alumnus of De La Salle College Dundalk, where he funds an annual scholarship programme and is also a donor to a number of educational institutions, notably Trinity College Dublin and the University of Notre Dame.
Naughton founded Glen Electric in August 1973 with a small manufacturing facility employing just ten people in Newry, County Down, Northern Ireland. In 1977, Dimplex, the leading brand in the UK electrical heating market was acquired by Glen Electrics forming the Glen Dimplex Group. The company set out acquiring further businesses across the UK, with Morphy Richards, the market leader in small domestic appliances in 1985 followed by Blanella, a manufacturer of electric blankets and Burco Dean Appliances, a manufacturer of products for the catering industry, all in the same year. The 1990s saw the company forge its powers of acquisition and strategic business thinking to acquire further businesses across Europe and beyond. An engineer by profession, Naughton has overseen his company to become the world's largest manufacturer in domestic heating appliances. His company has plants in the Republic of Ireland, the United Kingdom and North America. His business has more than 8000 staff and 22 manufacturing facilities with annual sales of around $1.6 billion. Naughton's stake in the company is worth around £273 million with other investments including an art collection, property in Dublin and shares in the Merrion Hotel Group and the Sunday Tribune newspaper.
In 2016, Naughton and his wife Carmel were named philanthropists of the year by the Community Foundation for Ireland.
In March 2018, the International Chamber of Commerce honoured Naughton Business for Peace Award in recognition of his efforts in promoting the private sector’s contribution to peace and environmental sustainability.
- "Forbes profile: Martin Naughton". Forbes. Forbes. Retrieved 3 October 2018.
- Tovey, Alan (2018-04-27). "Historic cooker manufacturer behind Belling ovens to shed 300 jobs". The Telegraph. ISSN 0307-1235. Retrieved 2018-05-15.
- "Glen Dimplex founder Martin Naughton wins peace price". The Irish Times. Retrieved 2018-12-04.
- "DCU to confer Honorary Doctorate on President William J Clinton, Sr Stanislaus Kennedy and Mr Martin Naughton | DCU". www.dcu.ie. Retrieved 2018-05-15.
- "Naughton 'humbled' by France's highest honour - Independent.ie". Independent.ie. Retrieved 2018-12-04.
- "Carmel and Martin Naughton named Philanthropists of Year". Retrieved 5 January 2017.
- "ICC applauds 2018 Business for Peace Award winners - ICC - International Chamber of Commerce". ICC - International Chamber of Commerce. 2018-03-20. Retrieved 2018-12-04.
- Lonergan, Aidan. "Irish business stalwart Martin Naughton to be honoured at The Irish Post Awards 2018". The Irish Post. Retrieved 2018-12-04.