An award-winning County Durham manufacturer is set to expand with a Â£1.5million investment.
Newton Aycliffe-based Roman Ltd – which manufactures, sells and installs shower screens, trays, bathroom furniture and fixtures and fittings – has received funding from Finance Durham and the North East Development Capital Fund to support record sales demand.
The sum includes an investment of Â£800,000 from the Finance Durham Fund, set up by Durham County Council and overseen by Business Durham, and an investment of Â£700,000 from the North East Development Capital Fund, backed by the European Regional Development Fund .
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The package, which was arranged by Maven Capital Partners, will be used by Roman, who last week won a Queen’s Awards for Enterprise for International Trade, to support a significant increase in demand by investing in its 400,000 manufacturing facility. square feet with new machinery and materials.
The company designs and manufactures shower products for independent traders and retailers, while also supplying white label and own-brand products to national retailers.
The company also has a Special Projects and Supply & Fit department that provides bathroom and shower design, as well as supply & fit solutions to home builders and groups. hoteliers in the UK and overseas.
Roman was originally launched 37 years ago to provide color matched glass screens to bathroom colours. Since then it has become the largest manufacturer of shower enclosures, wet room panels and bath screens in the UK and Europe, with a strong presence in over 70 international markets.
He supports a wide range of international hotel groups, architects and designers, including Berkeley Homes, Taylor Wimpey, Keepmoat, Miller, IHG and Hilton Hotels.
CEO David Osborne said: âWe are in a period of continued growth and expansion in the UK and internationally. This North East based funding allows us to focus on maximizing some amazing opportunities and continuing to create long term sustainable jobs and careers in County Durham.
David Nixon, Chief Investment Officer at Maven, said: âRoman is a well-established company with a good reputation and a strong order book. We are delighted to support such a prestigious manufacturing company in the North East and this is a great example of our regional funds working together to provide a long-term financing solution for a local business to grow. David and the team are very experienced and knowledgeable and we look forward to working with them to help the business grow.
Councilor James Rowlandson, Cabinet Member for Resources, Investments and Assets, Durham County Council, said: “It is fantastic that the funding we are providing through Finance Durham has enabled Roman to capitalize on the growing demand for its products, both domestically 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.