MBO announced as Duraweld passes to the next generation

26 February 2010 was a momentous day for us at Duraweld as Richard Senior completed the sale of the company to two of its managers, his daughter Hannah Senior, and her husband Mark Yeung.

 
Richard, who will be staying on as a consultant for the next three years, commented:

“I am delighted that this young, energetic management team will be leading the business into the future. Since joining Duraweld, Hannah and Mark have brought with them lots of fresh thinking and new ideas that are having a very positive impact. It’s great news for the company and I wish them every success in the future.”

Hannah said:

“We are thrilled to be the new owners of Duraweld and would like to thank our employees and customers for their fantastic encouragement and support. Duraweld is a well known and respected name throughout the industry, and our decision to purchase the business has been based on the fantastic range of opportunities we see for it to grow and develop.”

June 29, 2010 at 12:10 pm | Newsletter Summer 2010 | No comment