Family buys back business it set up 55 years ago
A multimillion-pound turnover steel tube supplier in Greater Manchester has undergone a successful management buyout.
The family which founded Boole's Tools and Pipe Fittings have bought it back from a listed builders' merchant.
Cole Associates Corporate Finance advised the MBO team, raising debt facilities from HSBC Corporate Banking.
Boole's Tools and Pipe Fittings was founded in 1961 by Ron Boole and his father Cyril.
It supplies tubes, valves, fittings and allied pipeline products to a wide variety of merchants.
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