LDC portfolio recognised for international growth
12 Jun 2018
12 Jun 2018
LDC-backed Pelsis, Paladone and BOFA International have been recognised for their fast-growing international sales in The Sunday Times HSBC International Track 200.
Pelsis, a manufacturer of branded pest control products, ranked at number 50 on the list and was backed by LDC in August 2017 to help accelerate its global growth strategy. The business has experienced strong year-on-year growth, recording international sales of more than £54million in its last financial year.
Designer, innovator and supplier of gifting products, Paladone, was ranked at number 57. Its success overseas can be attributed to its strong growth in America and Hong Kong. The business generated more than £30million in its latest financial year, with overseas sales exceeding £14million. LDC invested in April 2018 to help fuel further international expansion in the US, Australia, Asia and Europe.
BOFA International was listed at number 163, thanks to the success of its US facility and German office, which has helped to drive international sales to over £21million. In 2015, the fume extraction manufacturer secured a £23million buyout from LDC to help grow its overseas footprint.
LDC’s former portfolio business, Mountain Warehouse, placed 24th on the list. The outdoor equipment retailer was sold back to founder Mark Neale following a £85million buyout from LDC in 2010.
The league table ranks UK companies with the fastest-growing international sales, based on overseas revenues of at least £1million, and is compiled by Fast Track and published in The Sunday Times each June.
Further information about this year’s Sunday Times HSBC International Fast Track 200 can be found here: http://www.fasttrack.co.uk/league-tables/international-track-200/league-table/