Piper invests in hidden gem sheepskin company

11/05/2011
Private equity firm Piper has invested a minority stake in Cornwall-based sheepskin footwear and clothing producer Celtic Sheepskin.

Celtic Sheepskin was founded over 20 years ago by husband-and-wife team Nick and Kath Whitworth. It has sales exceeding £8m and has grown by an average of 20% every year for the last decade.

Libby Gibson, of Piper, commented: “Celtic Sheepskin is a unique brand. For the past 20 years, the company has been harnessing natural fibres to produce its iconic Celt Boots and individual clothing pieces based on craft values, items that quickly become customers’ favourite wardrobe items. We are looking forward to working with the team to enable more and more customers to find the hidden gem that is Celtic Sheepskin.”

Nick Whitworth, founder of Celtic Sheepskin, stated: “We are immensely proud of what we have built at Celtic but recognised that we need to work with a partner to support us through our next phase of growth. Ours is a family business with strong values and a passion for providing exceptional products for our customers. Piper clearly understands and respects what we do, and the team have demonstrated already during the due diligence phase their ability to add significant value to our business.”