JURATEK IN SECOND MBO

Braking components manufacturer Juratek has announced a management buyout, with three of its directors taking full control of the company. The buyout is the company’s second in three years, as Chairman Allan Hooks is stepping down from the role.

The Doncaster-based firm will now be run by Managing Director Matt Robinson, Sales and Marketing Director Toby Whewell, and Operations Director Mark Clegg. The change comes following the trio’s acquisition of the remaining shareholding from  Hooks. 

READ: 2016 – JURATEK IN MANAGEMENT BUYOUT

Hooks, who is retiring after nearly two decades at the helm of the firm, said: “I have seen Juratek grow and develop into a well-respected aftermarket company both in the UK and Europe. Its commitment to quality in all areas of its business remain paramount to its trading ethos. 

Juratek in new MBO

“After 20 years with the company I believe it is time for me to hand over the reins to the management team led by Matt Robinson, in whom I have full confidence.”

Hooks joined in 2001, having served as Managing Director at electrical components firm Veco for over six years, and Leeds-based parts store Vegem for three. 

READ: 2016 GROUPAUTO TRADE SHOW AWARDS WINNERS

Matt Robinson, who heads up the new management team, has been at Juratek since October 2014, when he was made General Sales Director. Toby Whewell and Mark Clegg join him in the boardroom, having spent a collective six years at the firm. 

Robinson said: “We are delighted to have completed the acquisition of Juratek Ltd and have exciting plans to continue the growth of the company both in the UK and overseas markets.

“The company has seen a sustained period of growth and transition in the past 5 years and we are well placed to take advantage of the opportunities open to us.

“I was keen for Mark and Toby to join me in the management buyout, between us we have over 70 years’ experience in the Automotive Aftermarket, yet we also retain the energy and passion needed to drive the company to even greater success.”

Juratek’s 50-plus staff are not affected by the change in management structure.  

 

Movers & Shakers: New appointment at MAHA UK

All the latest changes from across the sector, including new roles, promotions, and retirements

Read More

Autotech Group announces a host of leadership changes

Moves come as company transitions into a new phase under the leadership of CEO Simon King

Read More

Aftermarket firms that’ve failed to pay living wage named

One MOT centre owned employees more than £15,000; businesses were publicly named and shamed by the government

Read More

ELTA to stock Lucas bulbs at all Halfords stores

Pivotal factor of the deal saw all plastic packaging from Lucas and Halfords bulbs range removed

Read More

New grey area puts anyone who modifies a car at risk of prosecution

A workshop was recently found guilty of carrying out alterations to a car to make its exhaust louder

Read More

Go to comments

Your email address will not be published. Required fields are marked *