BRIDGWATER-based fabric-tech firm Nonwovenn has been sold.
The company has been acquired by CorpAcq, an Altrincham-based business acquisitions compounder backed by TDR Capital.
Founded in 2003 by current chair David Lamb, Nonwovenn manufactures and supplies bespoke technical fabrics for niche markets, including the medical, military and energy sectors.
Following an initial multi-million-pound investment in 2016, investor BGF supported the business through a period of significant growth, and has now sold the firm.
Turnover at Nonwovenn has increased from £19m in 2016 to £46 million in 2025, with 19 consecutive years of profit.
Recently, it invested £1.5 million in research and development to enhance its CBRN (chemical, biological, radiological and nuclear) protective solutions.
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Mr Lamb, chair, said: “We’re proud to have delivered such consistent growth and strong profitability over two decades, while remaining committed to maintaining the highest quality and customer satisfaction across our product lines.
“Partnering with BGF has been instrumental in maximising our potential – enabling us to strengthen innovation, diversify product lines and expand internationally. We’re excited to build on these strong foundations in our next phase of growth as part of CorpAcq.”
This exit was led for BGF by Paul Oldham and supported by Louis Hall from BGF’s Bristol team, with Alantra providing CF advice to the Nonwovenn shareholders.
Mr Oldham said: “Nonwovenn has gone from strength to strength since our initial investment in 2016, reflected in the outstanding returns delivered for BGF.
“This impressive management team has built a loyal customer base by providing consistently high levels of service and product development. Our nine-year partnership with the business has been hugely enjoyable and successful and I look forward to seeing how the team builds on their success with the backing of CorpAcq.”
Stuart Kissen, head of acquisitions at CorpAcq, added: “Nonwovenn is an outstanding business with a leading market position, strong growth prospects and a highly experienced management team.
“We see significant opportunity in the fabric technology space and are looking forward to establishing a long-term partnership with David and his team as Nonwovenn enters the next stage of its development.”
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