Interflex Limited, an automotive parts manufacturer in Nottinghamshire, has undergone a management buyout (MBO) as part of their ongoing expansion plans.
Set up in 2003, Interflex supply a range of sealing solutions for the automotive sector including door seals, interior trim, under carpet and boot seals.
Interflex’s ongoing growth strategy has also seen the company introduce new products, as well as investing in new equipment and diversifying into other areas of manufacturing such as face masks.
Managing director Jim Griffin will now be taking the lead in the business, and will be supported by the experienced management team including finance director Mark Cardnell and operations director Gary Brooker. Founder, Pete Ryder will continue to support the team as Chairman of the group.
Magma provided commercial, finance, tax and structuring advice throughout the management buyout process.
Jim Griffin commented: “Having known the Magma team for a nearly a decade, when the opportunity for the management buyout arose, I knew Magma had the experience to help us get the deal over the line. I would not hesitate to recommend them to others who are thinking about undertaking a similar transaction.”
Shafwaan Bheda, Corporate Finance Senior Manager at Magma, said: “It has been great working with Peter, Jim and the management team to achieve a successful MBO at Interflex. The new ownership structure allows the team to take Interflex forward in the next exciting chapter of its continued expansion”.
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If you would like to speak to Magma’s Corporate Finance team in the context of your own business, call 01788 539000 or 0116 261 0061.