Western Daily Press (Saturday)
Furniture maker in Canadian link-up
A SOMERSET-based furniture company has entered into a strategic partnership with a Canadian manufacturer.
Modus said the agreement with Ontario-based furniture firm Teknion would support its international growth plans.
It also said the deal would expand Teknion’s portfolio of products and reduce the carbon footprint of the North American company’s products for the UK and European markets by using its Somerset-based manufacturing facilities.
Modus was established in 2000 by friends Jon Powell and Ed Richardson and now employs more than 60 people in Chard.
“We are really excited about this new venture,” said Mr Powell. “Our companies share an entrepreneurial spirit with a long history of working with some of the world’s leading designers.
“Design has always been central to our philosophy, and we are very happy to be partnering with a global manufacturer that understands the value of great design. Teknion has a significant global presence and we expect to see the partnership drive strong growth for Modus.”
Albert Goodman accountants advised on the deal, along with law firm Clarke Willmott.
Michael Cahill, partner at Albert Goodman, added: “We have been working with Jon and Ed at Modus for the best part of 20 years and have seen the business evolve and grow.
“More recently with the growth of
more agile and hybrid working models, the business has been well placed to adapt its product portfolio and this latest investment will support this.
“We are proud to have worked with Modus to broker this latest investment from Teknion and look forward to seeing where this takes the brand.”
Recently certified as B Corp, Modus will continue to operate as an independent company, retaining its own brand and servicing its dealer network whilst expanding its international reach.