Safety equipment business eyes expansion
One of the UK’s leading suppliers of specialist industrial safety equipment is set for expansion following a buy-in management buy-out deal supported by Yorkshire Bank.
The business was acquired by a consortium of private investors and the purchase was assisted by a funding package from Yorkshire Bank, which included senior debt finance and working capital facilities.
Company profile
Reece Safety Products Ltd, based in Delph, Lancashire, specialises in providing lockout/tagout (LOTO) equipment and related products. LOTO equipment helps to prevent industrial accidents by ensuring that potentially hazardous electrical machinery and valves remain disabled during repair or service work.
Established in 2002 by Jason Reece, the company’s customers include a number of blue-chip household names both in the UK and overseas.
How will the deal help to drive the business?
Reece Safety Products’ new management team includes Roz Carr, operations director and Andrew Graham joins the company as managing director. Jason Reece will remain involved in the business.
Andrew Graham said: “Reece Safety Products has built an excellent reputation and wide client base since it was founded 11 years ago."
“We’re pleased that Yorkshire Bank understands our needs and supports our growth aspirations.”
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We’re pleased that Yorkshire Bank understands our needs and supports our growth aspirations.
Andrew Graham, Reece Safety Products
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