BGF portfolio company Decora acquires TCMM Group
Lisburn-based Mzuri Group, one of the leading companies in the window blind industry which trades under several brands including Decora, has completed the acquisition of the TCMM Shutter Group.
TCMM, founded in 2002, has become one of the largest interior wood shutter distributors in the UK. Its retail brands including Shutterly Fabulous and California Blinds. TCMM has an additional operation in the USA under the Shutter Store brand.
The company, which employs 66 people, will continue to operate independently under current management. Its UK headquarters will remain in Brighton and in the USA in Las Vegas, Nevada.
Murray Clark, Managing Director of the TCMM Group, said: “We have had a close relationship with Mzuri for the past few years and are looking forward to working with the team to further expand our portfolio. Mzuri Group’s vision and growth strategy is very inspiring. Looking ahead, TCMM will continue to focus on our own UK and US presence whilst developing our growth in other markets.”
Following the acquisition, Mzuri now employs a total of 1,227 people, including over 1,000 at its headquarters in Lisburn.
Mzuri Holdings was established in 2018 by the owners of Decora Blind Systems to enable an acquisition growth strategy. In 2020 the business received significant investment from BGF, the UK and Ireland’s most active investor in growing businesses. The funding is being used to support Decora’s continued strong growth via expansion into European markets, strategic M&A, and continued investment in product development and infrastructure.
Established 40 years ago, Decora has grown exponentially into a well-known and trusted brand, creating innovative window solutions in the European window blind industry. In 2020, Decora completed the acquisition of Domus Lumina, a €10m turnover Lithuanian-headquartered manufacturing partner.
Stuart Dickson, Managing Director of Mzuri, said: “TCMM is a well-respected and successful shutter company with strong brands throughout the UK and USA markets. Their commitment to innovation, growth and customer focus fits perfectly within the Mzuri ethos.
“This acquisition marks The Mzuri Group’s expansion of shutter distribution in Europe and the USA. Mzuri looks forward to the continued growth of the TCMM Shutter Group and welcomes Murray Clark to the Board.”
David Gammie, investor at BGF, said: “This is another great acquisition for Mzuri and fits into the group’s wider strategy of partnering with ambitious forward-thinking businesses. We welcome Murray and the wider team at TCMM to the group.”
Mzuri’s companies include: Decora Blind Systems (UK), Swift Direct Blinds (UK), Domus Lumina (Lithuania), 123 Jaloezie (Holland) and Max Gardiner (Sweden).
Business funding news
BGF invests £30 million in Yorkshire and North East in active H1
BGF has invested £30 million in Yorkshire and the North East in the first half of 2021, cementing its commitment…
BGF sees business confidence grow in 2021 with close to £33m invested in Scottish firms so far
Throughout the last six months, the investment team for Scotland has invested close to £33 million across 10 Scottish growth…