Kitchen, bedroom and bathroom furniture manufacturer J&J Ormerod (JJO) has announced that 4D Capital Partners has invested in a majority shareholding in the business.
4D is a private equity firm with manufacturing sector knowledge that invests in UK-headquartered businesses "capable of achieving significant scale", and its decision to become the majority shareholder of JJO was motivated by "the company’s strong reputation, high-quality products, loyal and experienced staff, and excellent customer base", says JJO, which adds that there will be a "seamless" transition to the new owners for all stakeholders.
Matthew Scoffield and Anthony Robinson will join the JJO team in the roles of executive chairman and CFO. MD Stephen Greenhalgh will stay with the business in the short-term to assist with the transition, and remain a director and significant shareholder. No changes are planned in the rest of the senior leadership team as a result of the investment.
Stephen says: “We are very excited about 4D’s investment in JJO. It gives security to all our stakeholders as the business moves into the next phase of its life. 4D’s investment, hands-on experience and manufacturing knowledge will help the business in its long-standing strategy of growth and operational performance improvement, as evidenced by the many innovations and operational developments JJO has implemented over its 157-year history.”
