A Co Antrim blinds maker has landed a fresh £10m investment to boost its plans for expansion.
BGF has invested £10m in Lisburn-based Decora, a leading manufacturer of window coverings.
The funding will be used to support Decora’s continued strong growth through expansion into European markets, potential acquisitions and product development.
Decora has recently completed the acquisition of Domus Lumina, a Lithuanian-headquartered manufacturing partner.
“For all businesses, the past few months have been incredibly turbulent, but we are pleased to announce this positive news alongside BGF,” Stuart Dickson, Decora’s chief executive, said. "We are fortunate to have a very robust and strong underlying business, and a brilliant and resilient team.
“Pre-Covid, we identified several strategic acquisition opportunities which we are continuing to explore. BGF has delivered on a partnership agreed before the onset of “Covid which will put the business in a strong position to continue our growth strategy as the world adapts to the new normal.”
David Gammie, BGF, said: “Decora is one of the most respected and successful businesses in Northern Ireland, with an industry-leading offering, a highly motivated and experienced leadership team, and a strong track record of growth.
“Understandably, Covid-19 has created uncertainty for all businesses in Northern Ireland. Decora has taken responsible and all necessary steps to safeguard its team during this period, and we look forward to working with the management team to support the longer-term growth plans of the business.”
John Davison, incoming chairman of Decora, said: “Decora is an extremely well run and robust business that is already a real success story thanks to the hard work and investment of its management team and family shareholders.”