Medical devices manufacturer undergoes management buyout
Entaco, a Redditch-based medical devices manufacturer, has undergone a management buyout and received a £1m investment from private equity firm Traditum.
The buyout was led by Entaco’s managing director, Steve Brown, who will now become group CEO.
Traditum’s £1m investment will fund payments to former shareholders and provide growth capital, enabling Entaco to invest in machinery and personnel improvements.
With a history spanning over 200 years, Entaco Group comprises three divisions: John James Needles, known worldwide for specialised hand sewing needles, Entaco Medical Devices, manufacturing medical products for global healthcare firms and Redditch Medical, specialising in cleanroom contamination control solutions.
Steve Brown, Entaco Group CEO said “I’m thrilled to announce the completion of the management buyout of Entaco and Redditch Medical. This milestone marks a significant achievement for us, solidifying our commitment to growth and innovation within our industries.
“Our vision for the future is to continue to provide high-quality products, but it’s also about enhancing our product range, service, and capabilities to better serve our customers and the industry. Together, we will continue to uphold our reputation for excellence, driving forward with determination and purpose. I’m immensely proud of our team for their dedication and hard work throughout this process, and I’m excited about the opportunities that lie ahead as we embark on this new chapter.”
