Private equity firm NorthEdge Capital's focus is investments in businesses in the northern England area. The firm had provided financial backing to Fine Industries Ltd, the manufacturer of fine chemicals in the Teesside area. The capital infusion is worth GBP25.5 million investment and it would accelerate the capital expenditure programme in increasing its capacity and supporting the growth ambitions of the company.

Fine industries manufactures chemicals used for crop protection, pharmaceutical and specialty chemicals markets. The firm was established in 1977, their business has an employee headcount and has a turnover of GBP40 million for the year ending September 30,2013. The company has blue chip clients in countries such as Switzerland, Germany, Brazil, Ireland and the USA.

The business was the target of a management buyout from a large multinational in 2008. After five years growth, NorthEdge's Managing Director Craig Morgan is one of the leaders in the latest buy-out of NorthEdge. Part of the deal included the appointment of Brian Davidson as the board's Non-Executive Chairman. 

According to NorthEdge Capital Ray Stenton, "Fine Industries is a high quality business that operates in a large and growing global market, with long term fundamental drivers supporting continued growth. As a market leader, the business enjoys strong relationships with its blue chip client base. We are looking forward to working with the management tam to support their growth plan."

For its part Fine Industries Managing Director Craig Morgan said: "Our business continues to deliver strong growth and has recently undertaken significant investment in our production facilities. This has been recognised by our customers who demand the highest standards of quality and safety alongside a culture that strives for continuous improvement. This has enabled us to extend our product and technical capabilities which sets us apart in the market today. The backing from NorthEdge provides us with an even stronger platform to accelerate our growth and move our business to the next level. It's great to be working with a team that are as committed and passionate about our future as we are."