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Founder Buys Back Firm
01 Nov 2006
Mike McDonough, who originally launched Sertec Plastics Ltd in 1986, has bought the company out of the Sertec Group, in a management buyout, with financial backing from Lloyds TSB Commercial Finance in Birmingham. The business is now looking to expand near the current 36,000 sq ft Witton premises and to add skilled staff as the business grows.
The company specialises in vacuum-formed and polyurethane moulded components for a variety of applications including automotive, construction, agriculture, work vehicles and general engineering.
As well as supplying interior vehicle trim components for specialist car manufacturers such as Aston Martin, Lotus and Renault, Sertec Plastics also supplies items such as replacement blue plastic hoods for lottery ticket stands. Having carved out a specialist niche in its sphere of operations, Sertec Plastics now manufactures some 300 different parts and in the last 12 months has added JCB and Land Rover to a growing list of customers.
www.sertec.co.uk/plastics
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