News - Midlands
Deritend announces £2m expansion strategy
Wolverhampton industrial maintenance, service and repair group Deritend Industries has secured a £2m cash injection to fuel an expansion of the business. The investment comes from Maven Capital Partners, which specialises in fast-growing companies across the private and small-cap arena, via the Capital for Enterprise Fund (CfE Fund), which it manages on behalf of the Government. Deritend, which also operates from Birmingham, Walsall and West Bromwich, says it will use the investment made by the CfE Fund to support its growth strategy, which includes the development of its energy-efficiency consultancy services to industrial customers.