{"id":20821,"date":"2015-10-23T10:34:19","date_gmt":"2015-10-23T10:34:19","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=20821"},"modified":"2015-10-23T10:34:19","modified_gmt":"2015-10-23T10:34:19","slug":"building-supply-firm-gains-foresight-group-investment","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/building-supply-firm-gains-foresight-group-investment\/20821\/","title":{"rendered":"Building supply firm gains Foresight Group investment"},"content":{"rendered":"<h2><span>A building supplier has secured capital investment from infrastructure firm Foresight Group\u2026<\/span><\/h2>\n<p>Kent-based business <a href=\"http:\/\/www.ffx.co.uk\/\" target=\"_blank\"><span>Folkestone Fixings<\/span><\/a> will receive significant development capital investment, it has emerged. The firm, which supplies tools, fixings, fasteners, and general building products, has received \u00a34m investment from the Foresight Group\u2014an independent infrastructure and private equity investment company.<\/p>\n<p>Folkestone Fixings supplies contractors, building firms, as well as those embarking on DIY projects. It has offices in both Folkestone and Ashford.<\/p>\n<p>Law firm Cripps and Meta Corporate Finance provided specialist advice for the deal, which will help Folkestone Fixings introduce new product ranges, improve its marketing, and expand its services to a new 60,000 sq ft distribution centre.<\/p>\n<p>The investment follows a significant period of growth for the firm, which saw its revenues double during the past three years. As well as the investment from the Foresight Group, entrepreneurs Patrick Ker and Tim Horrell have also come on board in executive positions and have invested in the business. They will work alongside the existing management stream. Former chairman of Screwfix, George Adams will join as chairman.<\/p>\n<p>Foresight Group director James Livingston said: &#8220;We are excited to invest in FFX alongside the experienced and entrepreneurial management team.<\/p>\n<p>\u201cThe business has a strong market position and has delivered rapid growth. We look forward to working with management to further expand and diversify the business.&#8221;<\/p>\n<p>Horrell also commented, stating: &#8220;Once we\u2019d been approached by FFX we knew this was the right platform, so it was a matter of making sure the deal happened.<\/p>\n<p>\u201cWorking with Foresight was very straightforward; it was a pleasure negotiating with sensible, pragmatic backers. We are very excited by the potential of this fast-growing business.&#8221;<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A building supplier has secured capital investment from infrastructure firm Foresight Group\u2026 Kent-based business Folkestone Fixings will receive significant development capital investment, it has emerged. The firm, which supplies tools, fixings, fasteners, and general building products, has received \u00a34m investment from the Foresight Group\u2014an independent infrastructure and private equity investment company. Folkestone Fixings supplies contractors, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[308],"tags":[],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-20821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-plant-equipment-supplies-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Building supply firm gains Foresight Group investment | Planning, Building &amp; Construction Today<\/title>\n<meta name=\"description\" content=\"A building supplier has secured capital investment from infrastructure firm Foresight Group\u2026\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/building-supply-firm-gains-foresight-group-investment\/20821\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Building supply firm gains Foresight Group investment\" \/>\n<meta property=\"og:description\" content=\"A building supplier has secured capital investment from infrastructure firm Foresight Group\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/plant-equipment-supplies-news\/building-supply-firm-gains-foresight-group-investment\/20821\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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