We are pleased to announce that the management of the MacLellan Rubber Division of Beldam Burgmann Limited have reached agreement to complete a Management Buyout of the MacLellan Rubber Division effective on the 1st July 2010.
The opportunity to separate this Division has been under discussion for some time and we are pleased that we can now offer our customers continuity of service and supply, with a strong operational and management team.
Andrew Onions commented Private Investors have provided the majority of the funding to complete this deal and we recognise that this level of support is not insignificant at this time. We have also worked closely with HSBC to secure working capital and are hugely impressed by their ability to recognise the potential of this business.
The business will continue to be operated from its current site at Wolverhampton which has undergone significant renovation and restructure over the last two years, which the management believe will deliver substantial customer benefits including:
Improved warehousing of all stock Improved stock profile, reflecting our analysis of customer demands Faster response to customer enquiries and shipment of orders Improved quality standards The site itself encompasses over 20,000 sq ft of warehouse and office facility, giving significant scope for future expansion of the business.
MacLellan will continue to offer its customers the wide range of quality commercial and technical products for which its name is synonymous, along with the outstanding Technical Back-up which comes from a company with almost 140 years of manufacturing excellence. Furthermore MacLellan Rubber under the new ownership will aim to work much closer with its customers to ensure that the changes it continues to make fully address the needs of its customer base.
Simon Winfield commented Our dedicated, knowledgeable and customer focused Account Management Team remains unchanged and are looking forward to working with our customers as we introduce improvements to our market offering over the coming months.
With some 500 tonnes of material available for customers to call against at any one time the business has both the desire and the capability to achieve its ambitious targets.