Plastics firm completes management buy-in

Plastic mouldings company Vacform has completed a management buy-in.

Mustafa El-Etriby joins as a shareholding director alongside managing director Kevin Quinn and David Aarons, as the company celebrates its 50th year in business.

The buy-in will see Quinn increase his shareholding in the company.

He said: “I’ve been part of Vacfom Group for more than 27 years and I’m extremely proud to now have a significant share in such a fantastic company. With David taking a more non-operational role moving forward, Mustafa and I feel we have the experience and knowledge now between us to secure the future of the company and pave the future for growth and success.”

After 11 years in a technical and operational role for Vacform, technical director El-Etriby is settling into his new shareholder role at the company’s HQ in Leeds.

He said: “This is a really exciting time for the group, I’m looking forward to joining Kevin and David to drive the company forward to even more success in the future.”

Leeds law form Blacks advised on the deal.

David Paterson, corporate and commercial partner at Blacks, led the team on the management restructure.

He said: “We are delighted to have assisted David, Kevin and Mustafa achieve their desired restructure of the Vacform Group during which the entire process saw a seamless reorganisation accommodating the respective parties’ interests. Yorkshire should be proud to be home to such an innovative and cutting edge company.”