Management buyout at Hull industrial door maker Interdoor

Hull’s Interdoor has undergone a management buyout supported by £1.3m of investment.

The Ideal Business Park-based firm’s operations director Gary Toalster has led the deal involving managing director Mark Roberts, who was previously the 100% owner. Mr Roberts, whose father originally employed Mr Toalster as an apprentice, will remain a shareholder and director in the firm which produces a range of products including hanger doors, specialist acoustic doors for use in film studios and docking bay doors used by supermarkets and logistics companies, among others.

The undisclosed deal has been backed by a £1.3m sum from Finance for Yorkshire which said the firm has continued to grow despite shocks such as Covid. Interdoor became a separate business in 2017 when Mr Roberts acquired it from his family’s group of companies.

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In recent years the firm has secured contracts with big names such as Morrisons for work on the food retailer’s entire estate and pet food manufacturer Nestle Purina for another of its factory sites. It has also supplied customers such as Greggs, Jaguar Land Rover and the NHS.

Mr Toalster said: “The buyout enables us to support our growth plans for Interdoor and together with our unrivalled customer service and technical knowledge will help us in our ambition to become one of the largest national industrial door maintenance providers in the UK.”

Mr Roberts said: “Finance Yorkshire was the first port of call to fund the transaction. We have worked with its fund managers previously who have proved to be trusted partners in working with us to help our business grow.”

Alex McWhirter, chief executive of Finance Yorkshire, added: “Interdoor is an impressive company with a strong track record in the supply and maintenance of innovative industrial doors to a range of sectors. It has continued to grow even in the most challenging of trading conditions such as the Covid-19 pandemic. We are pleased to support the management team in the next chapter of the company’s growth strategy.”

Original artice – https://business-live.co.uk/all-about/yorkshire-humber

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