Olympic Fixings secures £6m investment for growth

Published:  08 May, 2017

Olympic Fixings Group is all set for growth after a £6m combined investment from PHD Equity Partners and Secure Trust Bank.

Olympic Fixings supplies fixings, fasteners and DIY products to over 4,000 customers including electrical, building and plumbing wholesalers. The group offers a range of over 3,300 products, many under its own brand label. Founded in 1989 by Chartered Accountant Cliff Yates, it now employs over 60 people in Altham, Lancashire and Bangor, Northern Ireland and has a turnover of just under £10m.

PHD Equity Partners will be working with management to grow the business both organically and through acquisitions. The funding will allow the company to enhance its e-commerce offering and further support and develop its client base in Europe. While Mr Yates, who is managing director, and finance director George Brookes will stay with the company, there are plans for a number of key appointments to add to the management team to facilitate their eventual retirement.

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