Foresight Group (LSE:FSG), a regional private equity and real assets investor, has announced a new investment in Mclaggan + Co, joining existing shareholder N4 Partners. Mclaggan, known for more than five decades of collaboration with artists and designers, produces screen-printed, decorated, and kiln-fired bone china mugs and other ceramics from its facility near Loch Lomond. The company has reported strong growth in recent years as it expanded its giftware portfolio, earning a reputation for high-quality products.
Foresight’s investment will fund Mclaggan’s strategic acquisition of Customworks, a giftware business founded in 1997 with operations in Bo’ness and Malaga. Customworks brings a complementary range of bespoke products, including items designed for museums, galleries, and heritage attractions, broadening Mclaggan’s offering and strengthening its presence in key customer segments.
The acquisition is expected to accelerate growth for both businesses by supporting expansion into new markets and product lines. The combined group will employ more than 100 people and anticipates further acquisitions as part of its longer-term development strategy. Leadership will be overseen by Executive Chair Keith Mitchell, with Brian Macpherson stepping in as CEO.
“This is an exciting investment, and we look forward to working with the teams at Mclaggan and Customworks to build on their success and support further growth,” said Harry Staples, Investment Manager at Foresight Group. “We are committed to backing high-potential companies across Scotland, and this deal demonstrates our ability to provide flexible funding and exit solutions.”
Executive Chair Keith Mitchell added: “Partnering with Foresight marks an important milestone for both companies. With their support, we are well positioned to accelerate growth, enhance operational capability, and deliver long-term value for customers, employees, and stakeholders.”
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