MBO Has a Clear Vision
01 Mar 2007
Managing director, Chris Ferrar, of Coleshill based MSP Ltd, has led a buyout team that also included works director, Steve Smith, and quality director, Martin Smith.
They plan to continue to strengthen MSP Ltd’s position in the market through increased focus on higher value added production and to build its presence in other industries, such as the medical sector.
“MSP is an illustration of a traditional UK manufacturer that has successfully adapted to meet the challenges of a highly competitive market place. Through focusing on delivering quality components coupled with high levels of customer service, the business has developed a successful operating model” commented David Neate from Springboard Corporate Finance who acted as lead advisors to the management team. Chris Ferrar said: “We have a clear vision of the future for the business. As one of the leading providers in this market, there is considerable business potential for us following the MBO and we hope to build on this opportunity and expand.”
www.mspltd.com
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