Product category:
Window Systems
News Release from: Everwhite
Edited by the Buildingtalk Editorial
Team on 14 May 2008
Financial backing for MBO secures
Everwhite
Management buyout of Everwhite Plastics to form Everwhite has ensured it remains one of Britain's biggest independent manufacturers of PVC-UE cellular foam building products.
It is also the leading manufacturer of internal PVC-UE plantation shutter systems for the UK, US and European markets The new four man management team of Richard Taylor (Chairman), Paul Jayne (Managing Director), Alyn Elcock (Sales Director) and Nigel Coombes (Technical Director), has bought the assets and customer base of Everwhite Plastics
This article was originally published on Buildingtalk on 21 Jul 2004 at 8.00am (UK)
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The new company returns on a firm footing with the financial backing of Jon Moulton, a specialist in private equity finance.
Jon is well known as the managing partner of Alchemy Partners, a leading Venture Capital firm within the UK.
Richard Taylor, Everwhite's new chairman, is a former chief executive of Haden MacLellan, a successful public company specialising in engineering services with a turnover in excess of GBP500m.
Paul Jayne explains further: "A key factor in Jon's decision to invest was Everwhite's innovative, high quality internal plantation shutter system and his interest in companies looking for new fast growth markets in the UK.
Internal shutters have big potential in the UK.
They are attracting huge interest from fabricators and installers looking for an attractive and unique product to replace falling window sales".
"The renewed business safeguards the jobs of 67 employees and provides continuity of service and support for our roofline and plantation shutter customers in the UK and Ireland, the US and mainland Europe," continues Paul.
"We intend to increase the workforce to over 100 as we attract new customers.
"Everwhite is backed by a committed, focussed and professional management team with a large amount of experience, and we look forward to building upon the considerable success of the Everwhite brand within the industry.".
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