Foresight invests in Mclaggan + co and supports strategic acquisition

• Foresight has invested in Mclaggan + co, a leading Scottish specialist in giftware and homeware
• The investment supports the strategic acquisition of Customworks which creates a platform for growth across the UK and Europe
• The transaction marks Foresight’s fourth new Scottish SME investment in 2025

Edinburgh, 11 November, 2025: Foresight Group (“Foresight”) a leading regional private equity and real assets investment manager, has announced an investment into Mclaggan + co (“Mclaggan” or the “Company”), joining existing investors, Glasgow-based investment firm, N4 Partners (“N4”). 

For more than fifty years, Mclaggan has been collaborating with artists and designers to offer screen-printing, decorating and kiln-firing bone china mugs and other ceramics at their factory near Loch Lomond. Mclaggan has delivered strong growth in recent years as it has diversified its range of giftware, with customers valuing the Company’s high-quality range of products.

The investment supports the strategic acquisition of Customworks, a giftware business founded in 1997, with facilities in Bo’ness and Malaga. Customworks offers a differentiated product range that enhances Mclaggan’s offering, including bespoke giftware for major tourist attractions such as museums, galleries, and heritage sites.

The transaction will accelerate the growth of both companies by supporting expansion into new geographies and additional product categories. The management team will be led by Keith Mitchell, Executive Chair, supported by newly appointed CEO, Brian Macpherson.

This investment creates a combined group of more than 100 employees, with further acquisitions planned to continue the growth and development of the group.

Harry Staples, Investment Manager at Foresight said: “This is an exciting investment, and we look forward to working with the teams at Mclaggan and Customworks to build on the success that each business has already experienced, and to support further growth over the coming years. We are committed to funding promising companies located across the whole of Scotland. This investment demonstrates our ability to deliver flexible funding and exit solutions for Scottish Companies.”

Keith Mitchell, Executive Chair, commented: “We are pleased to be partnering with Foresight on this investment, which represents an important milestone for both Mclaggan and Customworks. The businesses have each established strong market positions and a reputation for quality and innovation. With Foresight’s backing, we are confident in our ability to accelerate growth, enhance operational capabilities, and deliver long-term value for our customers, employees, and stakeholders.”

To date, Foresight has invested over £60 million into growing companies in Scotland across all sectors and transaction types, which has created over 170 local high quality jobs. Our recent investments include Graham + Sibbald, MyWay Digital Health and uFraction8.