BGF backs Northern Building Plastics for nationwide expansion
BGF has invested in Northern Building Plastics to support its growth ambitions.
Northern Building Plastics is a specialist distributor of high-quality uPVC plastics and building products to trade customers. Led by co-founders, Judah Wilson and Richard Lindop, the business opened its first super depot in Leeds in 2010, followed by a second site successfully opened in Bolton in May 2018 on the back of strong growth and a proven model.
John Browett joins the business as non-executive chair and brings leadership experience from high profile CEO and board roles at Dixons, Dunelm Group, Tesco.com and Apple. John’s appointment is the result of an introduction from BGF’s Talent Network, which is the UK’s largest pool of non-executive directors.
Northern Building Plastics co-founder, Judah Wilson, said: “BGF’s backing will accelerate the growth of the business through expansion of our service and delivery capability and extension of our product range. We have built a good relationship with the BGF team who understand our long-term ambitions and have track record of successful investments in our sector.
“We’re also delighted to be announcing the appointment of such a high calibre non-executive chair in John. His experience will add significant expertise to our business in this next phase of growth.”
Barry Jackson and Sophie Issacs from BGF led the deal.
Barry Jackson at BGF said: “With an experienced and entrepreneurial management team, this is a business that understands its market and is capable of significant scale. Northern Building Plastics is trusted by its customers because of its quality products and the fact its super depots allow the business to provide much greater stock availability and a next-day delivery service across the UK.”
Paul Herriott at Dow Schofield Watts said: “Northern Building Plastics’ differentiated business model and the ambition of its management team have made this a compelling equity investment proposition. BGF has proved to be the best partner to support this next phase of growth and we are delighted to have advised on sourcing and structuring the investment in the business.”
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