Former sales manager buys medical supplies firm in £1.4m deal
A Lancashire company which is one of the UK’s largest suppliers
of X-ray protection equipment has been acquired by its former sales
manager in a £1.4m deal.
WS Rothband & Co, which is based in Haslingden, has been
acquired by Paul Dixon with backing from Lancashire County
Council’s Rosebud Finance and Seneca Partners.
A subsequent loan from the North West Fund for Loans Plus, which is
managed by FW Capital, will enable Paul to implement his ambitious
growth plans.The deal will safeguard the jobs of the company’s nine
staff and allow the previous owners, Michael and Lesley Todhunter,
to retire. The new owner is planning to expand the business and
create a further five jobs in the next three years.
Established in 1860 by WS Rothband, the company manufactures
X-ray protection products for the healthcare and nuclear
industries, including the lead aprons worn by radiographers. It
also offers a range of physiotherapy equipment and digital imaging
The Todhunters have run the business since 1984 when they
acquired it from the founder’s son Jeffrey Rothband, who was Mrs
Paul Dixon, a former NHS radiographer, spent five years with
Rothband as sales manager and product trainer. Since leaving in
2007, he has worked with larger medical device companies in a
global marketing role.
Paul Taberner of Enterprise Ventures, which manages Rosebud
Finance, said: “Paul Dixon has spent his career in the radiography
sector and has an in-depth understanding of the market. He has
identified a range of opportunities for growth. He is passionate
about the business and is ideally placed to take it forward.”
Andy Traynor, Senior Investment Executive at FW Capital made the
loan to WS Rothband. He said: “WS Rothband is an established
business with a significant share of the UK market. Paul is
an experienced and knowledgeable businessman who’s committed to
expanding WS Rothband. I’m delighted that the loan from the
North West Fund for Loans Plus will provide him with the capital to
take the business forward and we look forward to seeing it thrive
under his leadership.”
For more information about Rosebud visit http://www.lancashire.gov.uk/,
and search for 'rosebud', email email@example.com or
contact 01772 536 652.