MANAGEMENT BUYOUT (MBO) ANNOUNCEMENT
Caption: (Left to Right): Chris Drury and Chris Melia
BROOK INTERNATIONAL is a UK based, worldwide supplier of an innovative range of textile fabrics to the flag, banner and digital imaging print industry.
C B Brook & Co Ltd T/A BROOK INTERNATIONAL is pleased to announce the completion of a management buyout and the appointment of a new Board of Directors.
The MBO was facilitated by Armstrong Watson and heralds a new era for BROOK INTERNATIONAL.
The new Board are: Mr Chris Drury, and Mr Chris Melia, who become our new joint Managing Directors.
The Board would like to thank Andrew Brook for his dedication and drive during the last 35 years as a Director and Shareholder of Brook International.
Andrew’s knowledge and experience is recognised and highly valued in our industry.
Andrew stated: “Putting in place a succession plan that ensured continuity for our staff, customers and suppliers alike was crucial in implementing this new structure. After four generations of Brook family involvement, I am thrilled that Brook International now has a very exciting future in the hands of our new Shareholders.”
Caption: Andrew Brook
Chris Drury has been with the company as the Senior Sales and Commercial Manager for the last 7 years. Chris Melia has been with the Company for 17 years as Company Secretary/Management Accountant. Between them, they have had responsibility for sales, finance, IT, HR, marketing, and many other commercial duties. They will continue to be responsible for their current areas alongside the new challenges of being Managing Directors.
Chris Melia commented: “I am delighted and honoured to have been offered the opportunity to continue to work with such a high-quality management team. The deal has ensured a seamless transition of control from the Brook family and represents an exciting opportunity for both Chris and I to implement our vision for the future. We are very pleased that Andrew Brook has agreed to continue to add his vast knowledge and understanding of our industry to our Company. Exciting times lie ahead for this great Yorkshire business.”
As with any important business change, we will continue to work closely with our customers, partners and suppliers to ensure the transition process is seamless, and that we guarantee that our customers will always receive the same high standards of service that they, rightly, expect.
This is the beginning of an exciting period for Brook International, that the Board and Management team are confident will facilitate future growth and opportunities for all involved.
To learn more, feel free to give us a call on 01535 639020 or email us at email@example.com.