Britain’s growing love affair with tattoos – a fifth of all adults have a permanent body decoration – means good business for one of the biggest suppliers of salon equipment.
Barber of Sheffield has secured a multi-million pound investment to drive expansion.
The company was set up in 1991 with the aim of selling medical equipment such as stainless steel needles and blades to the veterinary industry.
However, the firm has diversified and body-art products now account for the bulk of its multi-million pound turnover.
Barber supplies tattoo salons throughout Britain and has developed its own brands, including Black Widow needles and gloves. It sells online and exports to Europe and the US.
The company still supplies equipment to veterinary wholesalers and provides products for hospitals, mortuaries and emergency services.
The investment by PHD Equity Partners and venture capitalist Enterprise Ventures will allow the owners, husband-and-wife team Tony and Stephanie Crane, to realise part of their investment in the business and provide funding for growth.
Andy Dodd of PHD said: ‘Barber is an exciting investment for us. Barber’s core tattoo market is rapidly growing.’
Read more: http://www.thisismoney.co.uk/money/markets/article-2150378/Tattoo-equipment-supplier-Barber-gets-multi-million-injection.html#ixzz1x6kJ9lK2
This is Money – PUBLISHED: 21:40, 26 May 2012 | UPDATED: 21:40, 26 May 2012