Glass group’s royalty financing deal hopes to shatter expectations
Walsall manufacturing group Brownhills has secured a £7.5m finance deal to support taking full ownership of a subsidiary and refinancing its existing debt.
It has bought the remaining 70% stake in Tufwell Glass, a West Sussex-based specialist supplier of glazed partitioning, primarily servicing the London office market.
Brownhills is headquartered in Aldridge, at Brownhills Glass, while the group also includes PLG in the north east. It employs 130 people across the group.
The finance deal has been agreed with Duke Royalty, a... For the full story register now for free or login below...