Wed, 03 Jul 2013 | MBO/MBI
A management buy-out of Rubber Safety Hygiene has been completed, leaving the managing director, Rob Hand, as the firm's sole owner.
The MBO of the industrial supplies company was completed with financial backing from HSBC's South Yorkshire Commercial Centre in order to facilitate the £400,000 funding deal. The centre also provided additional working capital facilities to support the company's growth.
Before the MBO, Mr Hand held a nine per cent stake in the company. He is now the sole shareholder following the departure of the two other shareholders.
Rubber Safety Hygiene supplies companies with daily consumables, such as safety equipment, janitorial supplies, rubber sheeting and industrial hoses. The firm was founded in 1990 and employs 25 people. Since taking on the business Mr Hand has appointed two new members of the management team and doubled the field sales force to four in order to help drive expansion.
The new owner commented: “As far as our customers are concerned, it is business as usual and they will continue to receive the same high quality service. The business has weathered the economic downturn successfully and we are now in a position for growth again.
“We particularly want to focus on the South Yorkshire area; we have been busy growing our national business but I have brought in a field sales team to drive sales more locally.”
A leading dental practice situated in the heart of London, providing exceptional dental care in a comfortable and welcoming environment.
LEASEHOLD
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
Discover a leading innovator in data centre solutions, recognised as a top supplier both in the UK and internationally, with a robust consultancy arm contributing to a growing turnover.
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.