Management team springs into action to buy Camloc

A Leicester-based designer and manufacturer of gas springs and dampers, Camloc Motion Control, has been bought by its management team.

Camloc was previously owned by American investors and has sales of around £4m and employs 36 people at its Leicester baed. Sales and marketing director Andy Hubbard, finance director Julie Barker, and engineering director Matt Warne have invested alongside a £1.5m investment from Foresight. RBS has also provided a term loan and working capital facilities.

“UK manufacturing is very much alive and kicking and the Foresight investment has enabled us to become a British-owned gas spring company for the first time in over 25-years,” said Hubbard.

“Over the years Camloc gas springs has become a respected brand in the market that stands for quality products and great customer service. We are proud to have such a solid business, international brand and quality product range on which to build. We are looking forward to a new and exciting chapter of sustained growth for the company based on the company’s well-established roots.

Tony Calvert, former managing director of Camloc, added: “This is a great team. Andy, Julie and Matt have the industry experience and drive to develop the business even further and I’m confident the relationships we have built with Camloc customers, suppliers and colleagues over the years will continue to thrive.”

Foresight’s Sebastian Saywood, who will join the Board as investor director, said: “Camloc is an excellent example of a professionally-managed British manufacturing business with strong growth prospects. The Company provides premium products and market-leading service levels in its niche. We are looking forward to working with management who have impressed us with their expertise, professionalism, and ambitions for growth.”