UK - Advantage Capital invests in Butters Group
Advantage Capital has just completed an investment in Butters Group, a supplier of house and garden plants retailers in the UK.
Lincolnshire-based Butters Group was founded in the 1970s. Today, it employs up to 600 people, depending upon the season, and has revenues of £40m. The new investment capital has been raised in order to continue the rapid development of the business, having won important new customers in recent months, and to expand the product range. The company is not directly involved in the cultivation and growing of plants but sources live products, packaging and accessories from all over the world and then assembles them into potted plant arrangements before delivering them to its customers, which include M&S, Tesco, Sainsbury, Waitrose, B&Q, Next and Interflora.
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