Press release -
Goodrich Global receives a SG$15 million investment from a private equity fund
Dear Valued Clients & Partners,
The Management of Goodrich Global would like to wish one and all a Happy New Year ahead.
2014 marks a significant milestone in Goodrich Global’s corporate history…. The Straits Times (Singapore) has officially reported today that Goodrich Global has received a SG$15 million investment from a private equity fund that includes Temasek Holdings among its main investor. The fund is an arm of Dymon Asia Capital, a Singapore based investment management company that manages about US $3.2 billion in assets. Now, Dymon also sits on Goodrich’s Board of Directors.
“We believe there are a lot of Singapore SMEs which have the potential to become regional and international champions, each in their respective industries. In our view, Goodrich is that champion in the interior furnishings industry,” said Dymon Asia.
“The whole idea behind why we want to sell this stake was so that we could tap Dymon’s regional & international network and also their strategic and operational expertise. We wanted fresh ideas as the company is already 30 years old and I am concerned that I will run out of ideas one day so I need fresh perspectives to help us relook our business strategy.” said Mr. Chan Chong Beng, Chairman of Goodrich Global
Moving forward with ambitious targets with this partnership……
Dymon Asia believes that Goodrich could grow its revenues from about
SG$90million today to SG$150million in the next 3 to 5 years. At that
point, with Mr. Chan’s consent, Dymon could help get Goodrich listed on
the stock market. Currently, Goodrich has plans to grow through
mergers and acquisitions and is now building a new regional distribution
centre in Suzhou, which it hopes will further propel its expansion in
China.
For any enquiries, please do not hesitate to email to info@goodrichglobal.com
The Management of Goodrich Global wishes one and all, a bountiful 2014 ahead!
Goodrich Global looks forward to your continual support and patronage.
Best Regards
Goodrich Global
www.goodrichglobal.com
Topics
- Interior design
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Goodrich Global provides the perfect finishing touch to every interior. It offers an extensive collection of interior wallcoverings, carpets, fabrics and floorings to create a completely personalized furnished ambience. Goodrich believes in ensuring that every dream design comes to life. Above all else, Goodrich is driven by the vision that every living space is an expression of a unique cover story.
Goodrich boasts a strong presence in over 30 regional offices and galleries located in 8 countries including Singapore (Headquarters), China, Hong Kong, India, Indonesia, Malaysia, Thailand and United Arab Emirates. Goodrich is well placed to meet all your interior furnishing needs, globally.
URL: www.goodrichglobal.com | info@goodrichglobal.com
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