Client Background
Founded in 1909 and headquartered in Nelson, Lancashire, Buoyant Upholstery has built a longstanding reputation for quality, design and innovation in upholstered furniture. Manufacturing the vast majority of its products in the UK, the business employs more than 550 people and is recognised as a significant contributor to British manufacturing.
During recent years, with the support of NVM, Buoyant has continued to strengthen its market position through investment in its product offering and by building strong relationships with both major retail partners and its extensive independent customer base. The entire executive management team will remain with the business to support its next phase of growth.
The transaction, which delivered a 3.3x return for investors brings together two highly regarded names in the furniture sector, creating the UK's largest sofa manufacturing group under the leadership of Ashwood Designs Group CEO, John Rennie.
