Friday, July 30, 2021

Trade fabricator acquired in MBO

Wellingborough-headquartered trade fabricator, The Glazerite UK Group, has been acquired in a management buyout.

Led by Group Managing Director, Robert Brearley, the management team includes Mark Johnston, Group Finance Director, Jeff Dunn, Group Sales & Marketing Director, Darren Rhodes, Managing Director (North West), and Matthew Thomas, Managing Director (East).

The MBO completed on 9 July 2021, with the new team acquiring 90 per cent of the business and former Chairman, John Hewitt, retaining 10 per cent.

Robert says: “Glazerite is an incredible company and much of what has been achieved so far is down to its people. With strong leadership and a talented and passionate team across the Group, the business has grown way beyond any expectations.

“With ambitious growth plans and continuous investment over the years, it’s proudly sitting as a major player in the industry.

“The business is in good stead for the future and we have some innovative and exciting plans in place to build on our offering as we look to take Glazerite to the next level.”

Glazerite was founded in 2000 by John Hewitt and Jason Thompson. The company now employs around 270 people at its sites in Bolton, Peterborough, Wellingborough and Bristol.

The MBO was put together by Don Gray of BHP Corporate Finance, with funding from Nick Salmons at Shawbrook Bank.

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