Duo lead deal
Hardie Polymers buyout backed by Nevis
Buyout leaders: Isy Ferguson and Bartosz Komanski
Two executives at Hardie Polymers, the specialist distributor, have led a management buy-out of the business.
Operations director Isy Ferguson and head of strategic sourcing Bartosz Komanski have been backed by long-term investor Nevis.
Ms Ferguson has been with the Clydebank-based business for more than 25 years and steps up to managing director.
She said: “It is a business that I feel passionately about, having watched it grow and evolve over the years.
“This deal will allow us to increase our stock holding and expand our team to continue to meet our customers’ requirements.
“I believe this investment is the start of a new phase in the company’s development and I am looking forward to working with Nevis to continue to build the business.”
Third generation owner and former managing director Fergus Hardie remains a shareholder and will become chairman, but will take a step back from day to day operations.
He will continue to use his industry knowledge and experience to support the team during the next few years.
He said: “This is an exciting time for the business. I am delighted to transfer ownership to the team who have supported me in growing the business. I look forward to taking a step back but continuing to support on this next phase of growth for the business.”