Nonwovenn, a leading company in the nonwoven fabric technology sector, has been officially acquired by CorpAcq, a firm based in Altrincham and backed by TDR Capital. This acquisition also marks a successful exit for BGF, the UK and Ireland’s most prominent growth capital investor.
Founded in 2003 by David Lamb, who serves as the current Chairman, Nonwovenn specializes in manufacturing custom technical fabrics for niche markets. The company’s dedication to harm reduction is evident in its range of products, which includes materials designed for protective clothing and wound care. Following a significant multi-million-pound investment in 2016, BGF has played a crucial role in supporting the company during its substantial growth journey.
The annual turnover for Nonwovenn has impressively surged from £19 million in 2016 to £46 million by 2025, with continued strong growth expected into 2026. The business has celebrated 19 consecutive years of profitability and is recognized as a significant exporter of its products. Additionally, Nonwovenn has recently invested £1.5 million in research and development to enhance its CBRN (chemical, biological, radiological, and nuclear) protective solutions.
David Lamb, Chairman of Nonwovenn, stated, “We’re proud to have delivered such consistent growth and strong profitability over two decades, whilst remaining committed to maintaining the highest quality and customer satisfaction across our product lines. Partnering with BGF has been instrumental in maximizing our potential – enabling us to strengthen innovation, diversify product lines, and expand internationally. We’re excited to build on these strong foundations in our next phase of growth as part of CorpAcq.”
The transaction process was led for BGF by Paul Oldham, with assistance from Louis Hall from BGF’s Bristol team, while Alantra provided advisory services to the shareholders of Nonwovenn.
Paul Oldham remarked, “Nonwovenn has gone from strength to strength since our initial investment in 2016, reflected in the outstanding returns delivered for BGF. This impressive management team has built a loyal customer base by providing consistently high levels of service and product development. Our nine-year partnership with the business has been hugely enjoyable and successful, and I look forward to seeing how the team builds on their success with the backing of CorpAcq.”
Stuart Kissen, Head of Acquisitions at CorpAcq, added, “Nonwovenn is an outstanding business with a leading market position, strong growth prospects, and a highly experienced management team. We see significant opportunity in the fabric technology space and are looking forward to establishing a long-term partnership with David and his team as Nonwovenn enters the next stage of its development.”
Since its establishment in 2003, Nonwovenn has been dedicated to producing top-quality technical fabrics that enhance product experiences. The acquisition by CorpAcq represents a transformative moment for Nonwovenn, pointing to an exciting future in the nonwoven fabric industry.
