NVM backs buyout of Lancs furniture maker Buoyant

A FURNITURE manufacturing business employing around 600 people in Nelson, Lancashire, has been sold in a management buyout backed by NVM Private Equity.

NVM has invested £7m in the deal, and the total value of the transaction is likely to be more than £10m.

Buoyant Holdings, which was founded in Nottinghamshire in 1909, has been sold by East Midlands company the Wade Furniture Group. It has sales of around £50m, and recently-launched a BlueTooth-enabled sofa with integrated iPad docking station.

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