UK rubber processor Ferrabyrne in management buy out

By Liz White, ERJ staff
Littlehampton, UK-Rubber-to-metal bonding company Ferrabyrne Ltd has been bought out by a new management team for £3 million (Euro 4.4 million) and plans to expand sales into new geographic markets, the Littlehampton-based firm said in a company statement. Lloyds TSB Commercial Finance and Lloyds TSB Corporate provided £2 million of the funds for the deal.

The management buy-out at the £6-million turnover engineering firm was led by new managing director Glenn Mills, supported by Ken Horton, Hans Christian Iverson. Previous owners…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with