Procter Brothers Ltd announces Management Buyout
Procter Brothers Limited, the Caerphilly-based manufacturer and service provider, has announced the successful completion of its management buyout. This move ensures a secure future for Procter Machine Safety and Procter Contracts.
Procter Brothers benefits from unrivalled expertise in its two specialisms, combining the best aspects of traditional craftsmanship and care for customers and employees, with up-to-date production technologies. Procter Machine Safety designs, manufactures and installs machine guards and provides machinery safety services, while Procter Contracts designs, manufactures and installs entrance gates, fencing, security systems and street furniture.
The management buyout was led by Procter Bros’ existing managing director John Procter and his management team. John Procter assumes the role of Group Managing Director, taking on the mantle from his father, Jeremy Procter. Nevertheless, Jeremy Procter remains involved with the business as an advisor, ready to be called upon for his experience when required.
Following the management buyout, the firm continues to be family-owned, as it has been since 1740. Procter Brothers employs over 110 people at its site at Pantglas Industrial Estate in Bedwas, Caerphilly.
Customers will find that it is ‘business as usual’ following the management buyout, as all key staff are being retained and existing orders fulfilled. Looking to the future, customers will benefit from the significant investment that is being planned for improvements to the factory, development of an ecommerce website as well as complimentary products and services.
John Procter states: “I am delighted to have led the acquisition of Procter Brothers Ltd, where I have worked as Managing Director for over six years. We are a market leaders in machine safety, security fencing and automatic gates and I am committed to growing the business further and cementing our position within the industries we serve.”