Carmarthenshire sash windows firm Victorian Sliders is creating 50 jobs on the back of a £14m equity investment from BGF.
In its biggest investment in a Welsh firm, BGF (formerly known as the Business Growth Fund) has taken a 31% equity stake in the Ammanford-based business.
Established in 2005 by its founder and chief executive Scot Starkey, Victorian Sliders, will create the new jobs over the next 12 to 18 months.
The new jobs are being created through a doubling in the firm's production capacity and investment in its recycling plant - helping it to cement its position as Europe’s largest specialist manufacturer of uPVC vertical sliding sash windows.
Manufacturing 2,000 window a week, Victorian Sliders is expecting to deliver more than £30m in revenues this year. The business currently employs 318 and supplies more than 5,000 trade customers throughout the UK via its own fleet of vehicle.
It operates from a purpose-built 240,000 square foot production facility.
Mr Starkey said: “We are delighted to have secured this investment from BGF, while also benefiting from their unparalleled business expertise. This investment will enable us to grow faster, support our customers better and expand our existing team of highly skilled and dedicated employees.”
Set up in 2011 , BGF has invested over £2.5bn in more than 400 companies, making it the most active growth capital investor in the UK.
