Redcar investors LJC Capital to acquire Orchid Kitchens and Bedrooms
Investment expert LJC Capital has added Orchid Kitchens and Bedrooms to its fast-growing business portfolio.
Founded by the Lane family, the Middlesbrough-based company has been designing and installing kitchens and bedrooms across the region for five decades. However, the company now has a vision to grow beyond the North East.
“This deal enables Orchid to grow nationally from a base in Teesside and this is fantastic news for the region and for everyone involved,” Orchid’s Ciaron Lane said.
“When the Orchid family founded the company in 1979, the aim was to provide exceptional service across Teesside. More than 40 years later it has become a trusted and established business across the region, but this deal allows us to thrive in other regions too.
“It’s an exciting merger that really has the potential to take Orchid to the next level.”
The merger for an undisclosed sum adds another leg to Redcar-based LJC Capital’s rapidly growing fleet of companies.
It was founded with the aim of building a group of companies with the common goal of delivering world-class products, services and investments.
And Sid McAuley, director of LJC Capital, said Orchid was a “perfect fit” for the investment firm.
“We looked at several companies and it became clear very quickly that Orchid was a perfect fit for us because of the passion within the company,” he said.
“The value of a family-run business is something we value very much. As a group, we believe this represents tremendous value, as does Orchid’s excellent reputation. Over the years the company has built a fantastic reputation for offering high quality products and services and the reviews are consistently excellent.
“So in the short term, we believe that if it’s not broken, it doesn’t need to be repaired and we will continue to provide the same professional service to every customer.
“Long term the aim is to grow the business with multiple strategically located showrooms nationwide to enable growth whilst maintaining the quality, service and values that have made Orchid a trusted name on Teesside. Each branch would also see the other services offered by the group in the same showroom to provide customers with the best options for a turnkey service.”
“It will be a joy to see Orchid thrive with our support.”
https://www.thenorthernecho.co.uk/news/23786088.redcar-investors-ljc-capital-take-orchid-kitchens-bedrooms/?ref=rss Redcar investors LJC Capital to acquire Orchid Kitchens and Bedrooms