Member Article

Manchester’s NorthEdge Capital to invest in door manufacturer

International investment bank Altium has advised Stoke-based composite door manufacturer Solidor on its investment from private equity firm NorthEdge Capital.

Private equity firm NorthEdge Capital, which has offices in Manchester and Leeds, is focused on investing in businesses in the North of England and the investment will allow Solidor to accelerate its growth plans by expanding its senior management team.

The business will also continue to invest in operations, capacity and IT, whilst also looking at developing a buy-and-build strategy.

Founded in 2004, Solidor is a leading manufacturer of hardwood core composite doors.

With over 130 employees, the business has seen sales grow more than 10-fold in the last five years.

Phil Adams, chief executive of Altium, said: “Altium has a long and successful history of helping fast growing businesses led by entrepreneurs to achieve their goals and the Solidor deal is the latest example of this.”

This was posted in Bdaily's Members' News section by Sophia Taha .