18 February 2015
The optical chain recently expanded its portfolio through the acquisition of 20:20 Opticians, a group with six branches across Edinburgh and Glasgow.
Managing director of Duncan & Todd, Frances Duncan, commented: “The funding from BGF has helped us to grow our business and the follow-on investment is now boosting our expansion across Scotland. There is good strategic rationale for this latest acquisition as 20:20 Opticians has a similar model to Duncan & Todd because it offers excellent service and great brands at competitive prices.
“We are very excited about the future. Having a material presence in the central belt with the strong brand name of 20:20 provides a great platform for the business to continue its expansion across Scotland.”
With 30 branches across Scotland, the BGF initially invested in Duncan & Todd in December 2013, earning a minority stake in the business. In May 2014, the opticians purchased independent Gunn & Galbraith, and has invested £1m in the upgrading of its Aberdeen manufacturing facility.
Managing director of Duncan & Todd, Frances Duncan, commented: “The funding from BGF has helped us to grow our business and the follow-on investment is now boosting our expansion across Scotland. There is good strategic rationale for this latest acquisition as 20:20 Opticians has a similar model to Duncan & Todd because it offers excellent service and great brands at competitive prices.
“We are very excited about the future. Having a material presence in the central belt with the strong brand name of 20:20 provides a great platform for the business to continue its expansion across Scotland.”
With 30 branches across Scotland, the BGF initially invested in Duncan & Todd in December 2013, earning a minority stake in the business. In May 2014, the opticians purchased independent Gunn & Galbraith, and has invested £1m in the upgrading of its Aberdeen manufacturing facility.
Comments (0)
You must be logged in to join the discussion. Log in