Inject Plastics in MBO

Plastics moulding company Inject Plastics (Devon) has been sold in a management buy-out led by senior manager Richard Bromley. The terms of the deal were not disclosed.


Plastics moulding company Inject Plastics (Devon) has been sold in a management buy-out led by senior manager Richard Bromley. The terms of the deal were not disclosed.

Plastics moulding company Inject Plastics (Devon) has been sold in a management buy-out led by senior manager Richard Bromley. The terms of the deal were not disclosed.

The buy-out facilitated the retirement of Inject founder George Vojtisek.

Bromley said: ‘I am delighted to have completed this transaction and take control of this business, which I have worked for since 2001. With the impact of the financial downturn at a critical point of our negotiations, I did wonder whether the dream would ever come to pass, but Castle’s dogged determination to structure the right deal and the support of Lloyds Bank has been tremendous.’

Kent-based Castle Corporate Finance advised the purchaser. Directors Michael Norrie and Colin Harvey led the team in the deal. Norrie commented: ‘Due to the credit market, this proved an extremely challenging transaction. Castle carefully structured a workable deal for all parties and believes the business continues to have a great future.’

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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