Aberdeen manufacturer Nu-Style Products has secured private equity backing from LDC, part of Lloyds Banking Group, to support its next phase of growth.
Founded in 1947, the company is one of the UK’s largest suppliers of laminate wall panel systems and will now operate independently following its period under the ownership of the James Donaldson Group.
The investment will support increased manufacturing capacity in Aberdeen and expansion into new markets.
Graham Cowie, chief executive of Nu-Style, said: "Partnering with LDC gives us the investment and operational support to build on the growth achieved to date and move forward with our expansion plans."
He added: "Having them based here in Scotland is vital as they understand our local market and can work with us closely as we move through this next phase."