Buy-out at Stanford Flooring
There has been a management buyout at one of the UK’s largest independent concrete flooring specialists, enabling the founders to retire.
Stanford Industrial Concrete Flooring (SICFL), based in West Bromwich, has been sold for an undisclosed amount by the company’s founders, Cliff and Barbara Stanford, to managing director Kevin Louch.
Mr Louch joined the firm in 1998 and has been managing director for nine years. He is also joint chairman and director of the Build UK federation.
SICFL generated more than £30m turnover last year, and has a customer base that includes Amazon, Marks & Spencer and BMW.
Cliff Stanford said: “Kevin has been with us for nearly 20 years and has done a fantastic job in the day-to-day running of the business. Now that we have decided to retire, we feel we are leaving the company in a safe pair of hands with solid foundations in place for it to grow even further in the coming years.”
Mr Louch added: “This deal represents a really exciting opportunity to continue to grow the business in what is a highly competitive logistics and warehouse environment. Client demands are ever changing, so our focus is to stay on top of the latest technologies and training methods to ensure we remain the UK’s leading concrete flooring specialist.”
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This article was published on 28 Nov 2016 (last updated on 28 Nov 2016).