Manufacturer completes management buyout

Written by John Bohan

Yorkshire manufacturer Red Dog Linings has undergone a second management buyout, with the firm’s managing director Phil Leonard leading the deal.

Based in Barnsley, and specialising in services to reduce abrasion and impact in bilk materials processing plants, the company says it is now pushing ahead with plans to expand into new markets.

The move follows a turbulent year for the business – formerly known as Triten international – which saw a 5.6% drop in turnover in the year to April 30.

Looking to the future MD Leonard said the buyout allows scope to build on current success and the ‘incredible achievements’ made to date.

He went on to say that the team was ‘incredibly excited about the future of the business’, with reports suggesting that there are plans to increase turnover by 40% over the next few years.

Matthew Chenery, Barclays’ relationship director who arranged the funding for the deal, said: "This transaction is both a significant and pivotal milestone in the company's history as it paves the way for further expansion and growth. The management's ambitious plan is testament to their success and we're delighted that we've been able to support with funding for their secondary management buyout."

 Back to Elevation News

View our latest vacancies


Finance Administration Assistant

Location:
Sheffield
Find Out More...

Group Accountant

Location:
Mansfield
Find Out More...

Finance Manager

Location:
Worksop
Find Out More...

Operations Director

Location:
Keighley
Find Out More...