Prestige and Homeseeker Park and Leisure Homes are delighted to announce that they have secured a multi-million pound investment from Praesidian Capital Europe, together with further investment from existing shareholders, the management team and the new, non-executive chairman, Paul Bentley.
The Group has grown significantly in recent years, to become one of the market leaders.
Founder director, Silvano Geranio, said, ‘We thank our customers, suppliers and employees for their part in helping us rise to such a prominent position in the industry.
‘Nevertheless, we believe that there is further opportunity for us all to build on this success, in our existing markets and also new ones, some of which we are already working on with our customers.’ To facilitate this growth strategy, Debbie Foulke has now been formally appointed as managing director, with the continued support of Mr Geranio (founder director), Mark Christison (finance director), Andrew Westwood and Jonathan Wake (sales directors) and Steve Arnett (production director).
Mr Geranio will now be focusing on new product design, marketing and new market opportunities.
Eric Jones and Keith Hanger, the other founder directors, will also continue as shareholders but will not be involved in day-to-day activities.
Ms Foulke said, ‘This partnership with Praesidian will allow the two distinct brands to be brought together and charge the highly experienced management team to capitalise on its future growth potential.’
Mr Geranio added, ‘Prestige and Homeseeker are long-established and high quality manufacturers supporting both the growing leisure and residential markets.
‘This investment helps facilitate and drive our new product development and new market strategy.’
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