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Duo Plastics has MBO deal wrapped up!

Manchester based polythene manufacturer Duo Plastics have successfully completed a management buyout despite the difficult economic conditions.

The buyout team led by David Brimelow, acquired the shares of fellow founding shareholder Barry Samuels who has now left the company. Following the buyout, the management team has been strengthened with the appointment of Anthony and Dale Brimelow to the board together with Paul Teasdale who joins as Financial Director.

"Our success over the last 20 years is testament to the consistently high quality and reliability of product deliveries" says managing director, David Brimelow. "We have a great platform to build on for the future, which reflects the contributions made by Barry Samuels during that period."

This latest move provides a launch pad for more exciting future developments for Duo Plastics to expand their strong position in the polythene industry.

Published: 13/10/2009

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