UK air treatment specialist, Meaco, has secured a significant multi-million-pound investment from FourLeaf Capital, marking a pivotal moment in the company's growth journey.
The investment follows a period of strong performance for Meaco.
The company has grown rapidly in recent years as demand for high quality, energy efficient, low noise, air treatment appliances continues to increase globally.
With the brand gaining international recognition and its product portfolio expanding, Meaco has reached a natural stage in its evolution where partnering with external investors will fuel the next phase of its growth.
Partnering with the FourLeaf founders, who have extensive experience building businesses and scaling brands internationally, will provide Meaco with the strategic support to accelerate its ambition to become the leading air treatment brand across Europe.
Meaco will focus on expanding the reach of Europe's favourite dehumidifier range, Arete, whilst continuing to expand into adjacent air treatment categories.
A customer focused approach to product innovation will remain at the heart of the business.
To support the next stage of growth, Conor Sugrue, ex Glen Dimplex, has been appointed CEO.
Meaco founder, Chris Michael, will remain a significant shareholder in the business and will transition into the newly created role of Chief Product Officer, allowing him to focus more closely on product development and innovation.
Michael said the company is aiming to become a leading European air treatment provider.