North East investment firm Middleton Enterprises has again increased its investment in cable management company, D-Line.
The firm, which is owned by Newcastle-based entrepreneur and business expert Jeremy Middleton, has bought the shares owned by fellow-investor Helen McArdle.
Last year, it bought those owned by Northstar Ventures in a joint move with D-Line’s management.
Founded in 2005 by managing director Paul Ruddick, D-Line supplies cable management products to leading DIY retailers and trade outlets.
It was set up to fill a gap in the market for a product that stylishly hides wires and tidies cables in ways that blend with decor.
With a turnover of around £3m - a third of which is export-based - its products are now sold in 21 global markets.
Middleton, who is also investing in digital-only Atom Bank, made his first investment in the Seaton Delaval-based company in 2006.
He said: “D-Line is a great North East success story in both the domestic and export markets.
“Paul Ruddick really found a niche with great looking cable management products for the home and commercial premises, and the company has gone from strength to strength.
“He has found a product which is not only needed here in the UK, but in every developed country in the world, and I am proud to be a significant shareholder, helping to drive D-Line forward.”
Ruddick said: “Jeremy has been a supporter of D-Line from the early days and he has continued to invest in the company as we have developed, and he has helped us to grow.
“This growth is something which continues, thanks to this support, and we have recently entered our 21st market, Croatia, with more to come.
“Middleton Enterprises is a true supporter of North East enterprise and we are very grateful to Jeremy for helping us work towards achieving our global potential.”