Haslingden, UK-based medical supplies company WS Rothband & Co. has been acquired by Paul Dixon with backing from Lancashire County Council’s Rosebud Finance and Seneca Partners in £1.4m deal.
A subsequent loan from The North West Fund for Loans Plus, which is managed by FW Capital, will support the company’s growth under the new ownership.
The acquisition will safeguard the jobs of the company’s nine staff and allow the previous owners, Michael and Lesley Todhunter, who have run the business since 1984, to retire.
The new owner is planning to expand the business and create a further five jobs in the next three years.
Established in 1860 by WS Rothband, the company manufactures X-ray protection products for the healthcare and nuclear industries, including the lead aprons worn by radiographers. It also offers a range of physiotherapy equipment and digital imaging products.