Intermet Refractories completes MBO deal

Tue, 13 Nov 2018 | MBO/MBI



Intermet Refractories, a metal casting component manufacturer, has completed a management buyout (MBO).

The Sheffield-based company was acquired by managing director Callum Arthur from its former parent Sheffield Refractories Ltd.

The deal was backed by HSBC UK and the business is now embarking on a path of growth. The company aims to increase turnover by 20 per cent and create a further five jobs.

With over 30 years of experience in the refractories manufacturing industry, both in South Yorkshire and internationally, Arthur began his career as a lab technician at a refractories business.

Now owner and managing director of Intermet Refractories, Arthur said: “HSBC UK’s financial backing and guidance gave me the means and confidence to undertake this buyout.

“We’re now looking to drive forward with a number of investments which will see us scale-up our product range, upgrade our production facilities and enter new markets – both in the UK and overseas.”

As well as supplying products across the UK, the company exports over 20 per cent of its sales to markets in Western Europe, Scandinavia and the Asia/Pacific.

With the backing of HSBC UK, the business will be investing in new manufacturing machinery to enable growth of its product range for industrial process applications.

Ryan Slater, HSBC UK’s relationship manager for South and West Yorkshire, said: “Sheffield has a proud history of metal production so we’re delighted to support a growth hungry business in a related industry.

“Callum has a wealth of experience and a clear plan to grow Intermet Refractories through strategic investments. We look forward to seeing the how the business grows and evolves over the coming years.”

Intermet Refractories was established in 1985 and is known for manufacturing a range of insulating and refractory specialist components for metal castings moulds.

For more news about management buyouts (MBO), click here. For all our business listings, click here.


Share this article



Latest Businesses for Sale

Food Manufacturer Specialising Flatbread Products
North of England, UK Wide

Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.

Asking Price: Offers Invited
Turnover: £671,000

LEASEHOLD


Double Glazing Manufacturer & Installer
UK Wide

A well-established, successful and profitable double glazing manufacturer and installer of windows, doors, conservatories and roofline products in the South East of England. Offers invited.

Asking Price: Offers Invited
Turnover: £4,300,000

Office Furniture Refurbishment Company
Relocatable, Manchester, North West, UK

This well established and robust business was set up by the vendors almost 20 years ago and in that time has grown into a highly skilled and professional company providing its clients with a unique and bespoke range of products and services. Offers i...

Asking Price: £347,000
Turnover: £360,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
May
 

Fintech company Loot collapses into administration | ADMINISTRATION

After failing to secure further backing from the Royal Bank ...

 
22
 
May
 

Spike in M&A activity in the education sector | BUSINESS SALE

In recent months, the education sector in the UK has witness...

 
22
 
May
 

Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION

Celebrity chef Jamie Oliver, who shot to fame after campaign...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
24
 
Jan
 

Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...

 
08
 
Dec
 

Geotechnical firm completes MBO | MBO/MBI

A geotechnical consulting group based in Durham has successf...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources