Mumford & Wood Management Buy Out
Haslers Corporate Finance LLP are pleased to report the sale of Mumford & Wood to Performance Window Group in a management buy out led by the incoming CEO, Roy Wakeman.
The deal led by Haslers Corporate Finance provided an ideal exit for the founding shareholders of both the Mumford and the Wood families.
Chris Wood, the son of one of the founders, retains a shareholding in the new business and with existing management of Mike Harris and Dave Snowling is confident of taking the business forward.
Mumford & Wood, established in 1954, is now widely recognised as the leading manufacturer of bespoke wood sash windows, a position achieved through the use of state of the art production facilities in Tiptree, Essex.
Roy Wakeman, who comes with an enviable track record in the industry believe this MBO presents “….. a fantastic opportunity to grow the sales of Mumford & Wood, whilst maintaining the status that the company has achieved. The Performance Window Group will also allow us to look at other strategic opportunities in the UK timber fenestration market. The market is reverting back to timber, driven by both the specifier and the consumer´s demand for environmentally friendly quality timber products. Wood is the only truly renewable and sustainable window material”.
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