£900K MBO at safety control switch specialist
A West Lancashire-headquartered manufacturer which employs 15 members of staff has undergone a management buyout, creating new jobs.
Mabruk Farrah has purchased the assets of Skelmersdale company Mechan Controls from the Mandicom PLC Group.
Funding totalling £900,000 to support the deal was provided by NatWest through a combination of term loans and RBS Invoice Finance.
Farrah is now the sole shareholder of Mechan Controls as well as a minority shareholder of the Mandicom PLC Group.
Around four new jobs will be created at... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
