Salford firm planning to expand after £1.6m funding injection

Testing Salvalco's Eco Valve Aerosol

Private equity specialists Foresight has invested £1.6m into a firm in Salford which specialise in aerosol valves.

The Salford Valve Company, also known as Salvalco, provides aerosol valves for use with ecologically sustainable propellants.

It has developed aerosol valve technologies based around original research carried out by Professor Ghasem Nasr of the Spray Research Group at the University of Salford.

The valves allow safe inert gases such as simple fresh air or nitrogen to be used as a propellant in aerosols.

This is significantly better for the environment and far safer than conventional propellants, most of which are hydrocarbons.

The company has developed a family of valve designs for a wide range of aerosol products and applications.

Foresight’s investment will support the development and commercialisation of Salvalco’s technology, including funding further research and development and new products.

The investment has been made because of a partnership between Foresight and Williams Advanced Engineering.

The Foresight Williams Technology EIS Fund combines the Williams Advanced Engineering team’s expertise with Foresight’s successful investment track record.

In addition, Williams Advanced Engineering will support the design and optimisation of future valve concepts.

John Holden, from Foresight, said: “Salvalco is a fantastic investment for the Foresight Williams Technology EIS Fund and a great fit for Williams Advanced Engineering.

“We know that Williams’ engineers are going to add value to Salvalco and Foresight will support the Company as it looks to capitalise on global opportunities.”

Craig Wilson, managing director at Williams Advanced Engineering, said: “We are pleased to be announcing this investment to continue the commitment of Williams to innovation in the UK.

“As well as the financial support provided to Salvalco and their Eco-Valve technology for aerosol propellants, we look forward to helping them continue to develop products in partnership with our skilled team at Williams Advanced Engineering.

“The progress represented by these products could make a major impact in the future to benefit the global environment given the widespread use of aerosols worldwide.”

Greig Tulloch, the managing director of Salvalco, added: “We are delighted to have the Foresight Williams Technology EIS Fund on board.

“Their expertise will enable Salvalco to grow to its full potential and provide a technology which will have positive effects for everyone in the aerosol supply chain as well as helping our environment.”

This is the Fund’s third investment, following a £500,000 investment into Southampton-based Utonomy, a ground-breaking intelligent gas grid solutions provider last September and a £1.05m investment into Edinburgh-based Codeplay earlier this month.

Click here to sign up to receive our new South West business news...
Close