Maven Capital Partners leads £1.5m investment in Roman

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Maven Capital Partners led a £1.5million investment in Roman, a Newton Aycliffe company that manufactures, sells and installs shower enclosures, trays, bathroom furniture and accessories.

The transaction includes an investment of £800,000 from the Finance Durham Fund set up by Durham County Council and overseen by Business Durham, and an investment of £700,000 from the North East Development Capital Fund, supported by the European Regional Development Fund.

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The funding will be used to support a significant increase in demand, investing in Roman’s 400,000 square foot manufacturing facility in Newton Aycliffe to purchase new machinery and materials to supply to its growing number of customers.

Roman designs and manufactures shower products for tradesmen and independent retailers, while supplying own-brand products to national retailers. The company also has a Special Projects and Supply and Fit department that provides custom bathroom and shower design, supply and fit solutions to home builders and to hotel groups, both nationally and internationally.

A supplier of shower solutions for over 37 years, Roman is the largest manufacturer of showers in the UK and Europe with a strong presence in over 70 international markets. They support an impressive range of international hotel groups, architects and designers, including Berkeley Homes, Taylor Wimpey, Keepmoat, Miller, IHG and Hilton Hotels.

The furniture market is large and mature, with the UK being the second largest market in Europe. Demand has increased during the pandemic and is expected to continue to grow with the opportunities that exist at both online retailers and traditional retailers and merchants.

Cllr James Rowlandson, Cabinet Member for Durham County Council Resources, Investments and Assets, said: ‘It is fantastic that the funding we are providing through Finance Durham has enabled Roman to leverage growing demand for its products, both nationally and internationally. . As one of Aycliffe Business Park’s oldest businesses, we recognize how additional funding will help create more and better jobs and contribute to a strong competitive economy for the future.

David Osborne, CEO of Roman, said: “This North East based funding allows us to focus on leveraging some amazing opportunities.

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