Maven Capital Partners (Maven) has led a £1.5 million investment in Roman Ltd (“Roman”), a business that manufactures, sells and installs shower screens, trays, bathroom furniture and fixtures and fittings.
The transaction includes an £800,000 investment from the Finance Durham Fund (Finance Durham) established by Durham County Council and overseen by Business Durham, and a £700,000 investment from the North East Development Capital Fund (NEDCF), supported by the European Regional Development Fund.
The funding package will be used to support a significant increase in demand, invest in Roman’s 400,000 sq ft manufacturing plant in Newton Aycliffe to purchase new machinery and materials to supply to its growing number of customers.
