The Magnificent Seven

Logistex-2011-02-17 003The existing management team of Logistex, who have been so successful in restructuring the business and taking on the challenges of the recent economy, have now completed the Management Buyout of the company from Melrose PLC. This has been achieved without any external financial support and results in a company which is both debt free and with a strong balance sheet.

The management team are shown at the announcement to the employees of this milestone in the company’s 70 year history and are (from left to right) Keith Edmonds, Kevin Sheridan, Andy Branch, Mark Nicholson, Jerry Woodhouse, Derek Kay, Melvyn Macartney

For further details and a copy of the official press release please refer to the Logistex website http://www.logistex.com/news.