£2.5m investment supports MBO at Black Country manufacturer
A Black Country manufacturing firm behind the world’s first condensate filter made from recycled glass has undergone a £2.5m management buy out.
Richard Potts, managing director of Bowman Stor, has bought the business backed by funding from Frontier Development Capital.
The multi-million-pound investment from FDC sees Potts become the sole shareholder of the business.
Led by Potts, who joined the business in 2012 and was appointed to MD in 2013, the company is set to pursue further growth through investment in research and... 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...