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Burnley based medical firm Rothband has completed a management buyout, with investment firm Seneca Partners divesting its majority share.
The buyout of the x-ray and imaging specialist was backed by a £630,000 loan from Mercia’s SME Loans fund.
Seneca co-invested with managing director Paul Dixon in 2015 to acquire and provide growth capital for WSR Medical Solutions Ltd, which trades as Rothband and was then based in Rossendale.
The business has since developed its products and expanded its presence across the UK and internationally whilst creating jobs and vastly improving efficiencies.
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