Duncan & Todd secures investment for expansion

Scottish optical group Duncan & Todd has secured investment worth £15m that will be used to implement its growth strategy.

The funding will allow the group to identify potential acquisitions and expand its geographical footprint. It will also speed up the roll out of complementary services such as audiology.

Investment was secured by the Scottish arm of private equity investor, LDC. As part of the agreement, Duncan & Todd’s existing backer, BGF, will give up its minority stake.

Duncan & Todd chief executive Frances Rus has overseen the growth of the group since she fronted a management buyout in 2007. During the last 11 years, the business has invested in its manufacturing capability with Caledonian Optical and expanded to 28 locations in Scotland.