Tetrad bought by Derbyshire firm

Preston-based handcrafted furniture specialist Tetrad has been acquired by Belfield for an undisclosed sum.

Belfield Group, which has experienced strong growth over the last few years, secured funding from private equity firm NorthEdge Capital in a management buyout in July 2016. The group has an annualised turnover approaching £200m and currently employs approximately 2,000 staff. It operates from seven sites across the UK, with a purpose built facility in Romania.

Tetrad’s products will continue to be manufactured at its Preston facility and will be sold through existing sales channels. Janus Cooper will remain in his role as managing director of Tetrad Limited as part of the Belfield Group.

“I very much look forward to working with Janus and his team to continue the good work that has been delivered over recent years and to building the brand and expanding its customer base and sales. We will invest heavily in the Tetrad division in order to capitalise on its growth potential.” Belfield Group was advised by PKF Cooper Parry, which provided transaction due diligence. Legal advice was provided by Browne Jacobson. Brabners provided both corporate finance and legal advice to Tetrad.