BSN Associates, a member of The Corporate Finance Network and based in the West Midlands, has successfully advised Filon Products Limited on its fourth management buy-out (MBO).
Filon Products which was established in 1957, provides its GRP products to companies in the UK, Europe, and the Middle East in construction, oil & gas, highways, marine, transportation, and manufacturing. BSN advised the incumbent shareholders and management team on the MBO. This is the fourth MBO the company has undertaken.
Steve Vickers, the departing Managing Director of Filon Products, said: “It has helped greatly to work with BSN, a firm that understands our business and knows the history behind it.”
The streak of MBOs has enabled younger teams to buy a stake in the business and continue to push the business forward.
