Amber Composites, a Nottingham-based manufacturer and supplier of composite materials, has been purchased by a consortium of investors. The buyers are led by US entrepreneur Jonathan McQueen, who becomes Amber’s CEO under the terms of the deal.

Amber Composites, a Nottingham-based manufacturer and supplier of composite materials, has been purchased by a consortium of investors. The buyers are led by US entrepreneur Jonathan McQueen, who becomes Amber’s CEO under the terms of the deal.

In addition to Amber Composites, the consortium has acquired sister company Technical Resin Bonders. The financial details of the deal are undisclosed.

McQueen comments: ‘We chose these companies because of their proven product and technology expertise as well as their strong management teams. The use of composite materials is expanding rapidly and we are well-positioned to capitalise on this growth.’

The new CEO intends to develop technical and production capacities, and expand into new markets.

Amber Composites was founded in 1989 by Gavin Clarke and Stuart Crosskill, who remain shareholders and advisers of the business. In the same year, they acquired Technical Resin Bonders, which was established in 1953.

The two companies manufacture and distribute composite, tooling and adhesive products for the automotive, aerospace and marine industries.