MBO at metal fabrication firm
A Wakefield metal fabrication business has been bought by its management team in a deal funded by Finance For Enterprise (FFE).
Thornes Fabrication, which was founded in 1989, secured £250k to fund the MBO which will see Ben Crossland, the nephew of the current owner takeover at the helm.
The company will continue to trade under the existing name. The retiring directors Dean Crossland, Andrew Stubbs and Jayne Crossland will stay on temporarily as consultants to ensure a smooth transition
The 36-year-old business designs, man... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
