BFF Nonwovens secures ‘multi-million’ funding to develop technical fabrics
Backing from the Business Growth Fund will enable the Somerset-based company to expand in the automotive, filtration and packaging markets...
BFF Nonwovens, a specialist in technical fabrics with products ranging from coffee pods to fleeces, has closed a ‘multi-million' funding round led by the Business Growth Fund (BGF) and Lloyds Bank.
Launched in 2006, Somerset-based BFF Nonwovens produces high-quality technical fabrics for niche markets across packaging, filtration, acoustics and advanced wound care. Its innovations include watertight electrical wire, coffee filters, ‘super' fleeces (details pictured) and ‘odourless' fabrics.
The company claims to generate revenue in excess of £20m and has scaled to a team of 160 staff.
It will use the investment to drive organic growth and support its acquisition plans – it is actively considering acquisitions in the UK and Europe.
David Lamb of BFF Nonwovens commented: “After a busy and sustained period of growth, we are delighted to be scaling up the business even further with BGF on board.
“BGF’s approach to minority investing means that we keep control of the running of the business while benefiting from their network, long-term financial backing and support.”
As part of the deal BGF’s Ned Dorbin will join BFF's board. Dorbin said:
“By focusing on quality and technical excellence, BFF has become a business of significant scale and reputation.
“We are pleased to be backing an exceptionally strong management team who have a clear business plan in place. And, we are delighted to be helping yet another company in the South West of England to pursue its growth ambitions.”