Olympic Fixings Group, an Altham, UK-based business which supplies hardware products to the merchant trade throughout the UK and Ireland, raised £6m in financing.
Backers included PHD Equity Partners and Secure Trust Bank.
The company intends to use the funds to grow the business both organically enhancing its e-commerce offering and further support and developing its client base in Europe and through acquisitions.
Founded in 1989 by Chartered Accountant Cliff Yates, Managing Director, Olympic Fixings supplies fixings, fasteners and DIY products to over 4,000 customers including electrical, building and plumbing wholesalers. The group offers a range of over 3,300 products, many under its own brand label. It now employs over 60 people in Altham, Lancashire and Bangor, Northern Ireland and has a turnover of just under £10m.