Private equity firm sells interest in glass manufacturer

KCP managing partner Owen Trotter

Private equity firm Key Capital Partners (KCP) has sold its interest in West Midlands manufacturer MI Glass (MIG) to the management team in a multi-million pound deal.

Based in Smethwick, MIG has a 75 year heritage providing glass processing solutions to a number of industries including retail interiors, catering equipment and office design throughout the UK and central Europe.

With a 76-strong workforce, the company has 55,000sq ft of dedicated manufacturing space at its Downing Street, Birmingham, premises and has recently opened a second 25,000sq ft factory in the city in Booth Street.

KCP acquired its interest in MIG in 2011 and since this time has supported the company as it has invested in expanded production premises and state-of-the-art processing equipment.

MIG managing director Alan Taylor said: “We’ve had a great partnership with KCP who have supported us as we have expanded our production capabilities and reach in the glass processing market.  MIG is in an excellent position for the next stage of its development.”

KCP managing partner Owen Trotter, added: “KCP is very happy to have played a role in the MI Glass story.  In addition to delivering a return to our investors, it has been a pleasure to work with a UK manufacturer with such a strong focus on customer service and quality.  We wish Alan, Glenn and their team every success in the future.”

The deal was backed by Clydesdale Bank.  The terms of the deal were not disclosed.

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