Corporate finance specialist Cattaneo LLP has advised West Bromwich-based Ash & Lacy Building Systems on securing a £7 million funding package aimed at improving efficiency, growing sales and in creating new jobs.
Ash & Lacy is a £23 million turnover manufacturer of metal external building envelope systems. It wants to increase its manufacturing capability by bringing previously sub-contracted processes in-house.
Close Brothers Invoice Finance provided additional funding to support the business’s continued capital investment programme and enhanced working capital facilities.
Jonathan Evans, chief executive at Ash & Lacy, said: “Cattaneo’s knowledge of our business and objectives, as well as their practical and efficient approach, meant that we did not hesitate to seek their advice on sourcing a new funding package.
"We are pleased to have selected a partner in Close Brothers whose funding will allow us to make investment decisions that will have an immediate impact on the growth of our business.”
Keith Rose, senior sales director at Close Brothers in Birmingham, commented: “We are delighted to have the opportunity to work with Ash & Lacy.
"Its highly-experienced and motivated management team knows exactly where it is taking the business.”
Martyn Pilley led the Cattaneo team working with Paul Bennett of George Green & Co who provided legal advice while Close Brothers was advised by Jon Bew and Nicola Raine of Irwin Mitchell.