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Logistex completes MBO

12 December 2012

Automated logistics systems supplier Logistex has completed a management buyout from Melrose. The business has been acquired by the existing seven-man management team led by managing director Jerry Woodhouse. Woodh

Automated logistics systems supplier Logistex has completed a management buyout from Melrose.

The business has been acquired by the existing seven-man management team led by managing director Jerry Woodhouse.

Woodhouse says: "The big difference the MBO will provide is that we now have the freedom and flexibility to deliver the solutions, services and standards to meet the needs of a fast-changing international marketplace.We have an experienced, qualified and well trained staff of some 225 with outstanding expertise in all the key disciplines and are full equipped to tackle most projects." The MBO was achieved without external financial support, leaving the company debt-free and with a strong balance sheet.
 
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