London-based investment firm RDCP has acquired Coventry-based housewares manufacturer Whitefurze for an undisclosed sum.
Whitefurze is a well-established UK manufacturer of consumer durables, with a product range spanning food storage and preparation, housewares, storage and gardening categories. The business operates across three sites in Coventry, including 156,000 sq ft of warehousing and a 42,000 sq ft manufacturing facility in Nuneaton, equipped with 34 injection moulding machines.
Founded in 1978, Whitefurze has built a strong reputation for UK manufacturing, supplying wholesalers, national retailers and independent stockists. The company employs more than 100 people and offers over 1,200 SKUs, supported by its own delivery fleet and an export operation serving 22 countries.
Tracey Stone, Managing Director of Whitefurze, added: “Whitefurze has built a strong reputation for quality and reliability, supported by our UK manufacturing operations and a committed team. We are proud of the platform we have today and the position we hold in the market. Partnering with RDCP marks an exciting next chapter for the business. Their long-term mindset and commitment to investing in people and operations gives us confidence as we continue to grow and expand.”
The acquisition marks the next stage of growth for the business, with RDCP set to work alongside Ms Stone and Finance Director Steve Hockin to support further expansion.
Sameer Rizvi, Founder and CEO of RDCP, said: “Whitefurze is a business we have admired for quite some time. It combines a long-standing heritage of UK manufacturing with a reputation for quality, reliability and strong customer relationships — exactly the characteristics we look for in our partners. Businesses like Whitefurze are increasingly rare.
“Our strategy at RDCP is simple: to acquire and hold great businesses for the long term, and to back the people already driving them forward. We are excited to partner with Tracey, Steve and the team as Whitefurze enters its next phase of growth.”
Funding for the transaction was supported by AURELIUS Finance Company, which provided a combined cashflow loan and revolving asset-based lending facility.
Akash Gulati, New Business, South at AURELIUS Finance Company, said: “We are delighted to have been selected to provide a combined cashflow loan and revolving ABL facility to Whitefurze, and we welcome the firm into the growing AFC fold. What made the difference for our client was our ability to structure a mix of highly bespoke facilities and deliver them within a short space of time.”
Following the deal, RDCP now operates nine platform companies employing more than 2,000 people, with a combined enterprise value of approximately $650m.
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