Lisburn window blind manufacturer acquires two more companies
A LISBURN window blind manufacturer has completed two new acquisitions as part of an ongoing expansion plan.
Mzuri Holdings, which owns Decora Blind Systems, has bought two online-focused blind companies in England and the Netherlands.
It’s the third acquisition announced by the Lisburn company since the Brititish Growth Fund (BGF) bought a £10 million minority stake in the company in April.
Since then, Mzuri Holdings has acquired Domus Lumina in Lithunania, Swift Direct Blinds in Huddersfield and Dutch firm Coolblinds.
It brings the group’s total workforce to just over 1,300, including some 1,000 at Decora’s Lisburn headquarters.
Set up in 1969, family business Swift Direct Blinds supplies made to measure window blinds through an online platform.
Established in 2010, Coolblinds similarly sells made to measure blinds in the Netherlands, with its main market in the Netherlands and Belgium.
Mzuri chairman John Davison said the acquisitions will enable the company to invest further in product development to the wider benefit of consumers.
“We also recently welcomed BGF as an investor in Mzuri to work with us to expand our business across Europe. These two transactions represent the next phase of our growth journey.”
Mzuri was advised in the deals by Goodbody Corporate Finance. Director Don Harrinton said: “Mzuri has an ambitious goal of transforming a family owned business into a European leader in window coverings.
“These acquisitions are the first step. We continue to work with the team to identify further companies to achieve this goal.”