Fixings (FFX) has been boosted by a significant development capital investment.
Fixings (FFX) has received backing from funds managed by Foresight Group and both the existing and incoming management teams. Specialist advice for the deal was provided by law firm, Cripps and Meta Corporate Finance (META).
Incoming managers, Patrick Ker and Tim Horrell, had been looking for a new business to invest in following the sale of their previous venture, VJ Technology, which operated in a similar sector.
Ker said: “We have been searching for some time to find the right sort of business and have found it in FFX.
“It is a really well-run company, with a good reputation, well-known brand and strong growth potential.”
Horrell added: “Our skills complement those of the existing management team and together I am confident we will be able to take FFX into new markets and product ranges that will make the business even more successful and useful for our customers.”
The specialist advice provided to the two entrepreneurs by Meta (Peter Counsell and Mark Ledger-Beadell) and Cripps (Salim Somjee), covered the legal and commercial aspects of their investment.