£3m investment in Stoke-on-Trent ceramics company
- 4 May 2014
- From the section Stoke & Staffordshire
A £3m investment has been made in a Stoke-on-Trent ceramics company.
Dudson, which produces tableware for hotels, restaurants, hospitals and cruise ships, said the investment would result in 10 more jobs and help it redevelop part of its Tunstall site.
The company, which employs 500 staff, said the investment from the Business Growth Fund (BGF) would also allow it to expand its operations overseas.
The investment has been made in return for a minority share in the business.
'Strong niche position'
Max Dudson, CEO of the 200-year-old company, said: "The investment will create 10 jobs in the short-term and help us develop new markets in other countries."
BGF was launched by the government and the British Bankers' Association in 2011.
The £2.5bn company allows banks to invest between £2m and £10m in firms in exchange for a share of the business.
Ian Downing, BGF's investment director, will be joining Dudson's board.
He said: "Dudson has an impressive 200-year track record and has carved out a strong niche position in the international market for hospitality tableware.
"It is a great example of a British manufacturing business that has successfully taken its products into an international marketplace.
"We look forward to working with the team to deliver on their ambitions."