Tue, 13 Nov 2018 | MBO/MBI
Intermet Refractories, a metal casting component manufacturer, has completed a management buyout (MBO).
The Sheffield-based company was acquired by managing director Callum Arthur from its former parent Sheffield Refractories Ltd.
The deal was backed by HSBC UK and the business is now embarking on a path of growth. The company aims to increase turnover by 20 per cent and create a further five jobs.
With over 30 years of experience in the refractories manufacturing industry, both in South Yorkshire and internationally, Arthur began his career as a lab technician at a refractories business.
Now owner and managing director of Intermet Refractories, Arthur said: “HSBC UK’s financial backing and guidance gave me the means and confidence to undertake this buyout.
“We’re now looking to drive forward with a number of investments which will see us scale-up our product range, upgrade our production facilities and enter new markets – both in the UK and overseas.”
As well as supplying products across the UK, the company exports over 20 per cent of its sales to markets in Western Europe, Scandinavia and the Asia/Pacific.
With the backing of HSBC UK, the business will be investing in new manufacturing machinery to enable growth of its product range for industrial process applications.
Ryan Slater, HSBC UK’s relationship manager for South and West Yorkshire, said: “Sheffield has a proud history of metal production so we’re delighted to support a growth hungry business in a related industry.
“Callum has a wealth of experience and a clear plan to grow Intermet Refractories through strategic investments. We look forward to seeing the how the business grows and evolves over the coming years.”
Intermet Refractories was established in 1985 and is known for manufacturing a range of insulating and refractory specialist components for metal castings moulds.
For more news about management buyouts (MBO), click here. For all our business listings, click here.
An opportunity to acquire a well-established manufacturer & supplier for a range of personal care and cleaning products. The customer base is predominantly made up of a chain of distributors supplying retail and brand owners, with sales throughout th...
This is one of the oldest manufacturers of its type in the Western World for sale producing niche cutting edge solutions for materials used by both consumers and a cross-section of industry sectors.
This specialist fabrication business for sale is primarily responsible for the design, manufacture, and servicing of a standard and bespoke range of specialist trailer products throughout the UK, in addition to local fabrication work, throughout Some...
01
|
May
|
Testing technology firm acquired at 3.5x revenue | BUSINESS SALE
MK Test Systems Limited, a Somerset company that designs and...
01
|
May
|
Portfolio of 24 northern pubs acquired by Punch Pubs & Co | COMMERCIAL PROPERTY
A portfolio of 24 pubs across the North East and Yorkshire h...
01
|
May
|
West Midlands engineering firm acquired in pre-pack deal | BUSINESS SALE
A specialist engineering firm based in the Black Country has...
24
|
Jan
|
Yorkshire engineering firm completes MBO deal | MBO/MBI
A West Yorkshire engineering group has been taken over by th...
08
|
Dec
|
Geotechnical firm completes MBO | MBO/MBI
A geotechnical consulting group based in Durham has successf...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.