Hardie Polymers Announces Management Buyout
Hardie Polymers has announced that Isy Ferguson and Bartosz Komanski have completed a management buyout of its specialist polymer supply business, backed by the team at Nevis Capital.
Former owner Fergus Hardie remains as a shareholder and director 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 over the next few years.
This deal ensures a seamless transition of control and represents an exciting opportunity for management to grow the business with Nevis Capital’s backing.
Hardie Polymers was originally established in 1924 and is the leading independent distributor of engineering polymers in the UK. It supplies vital plastic raw materials to key manufacturing industries across the UK for the automotive, aerospace, medical and defence sectors.
It is very much business as usual at Hardie Polymers, which will continue to work closely with its customers, suppliers, and partners to deliver outstanding service in the polymer industry.
Isy Ferguson steps up to managing director, with Fergus Hardie becoming chairman. Isy said: “I’m delighted to become a significant shareholder in Hardies and take the step up to managing director. It is a business that I feel passionately about, having worked for the company for over 25 years. We pride ourselves on delivering for our customers, and this deal will allow us to increase our stockholding and expand our team to continue to meet our customers‘ requirements.”
Fergus added: “This is an exciting time for the business. I am delighted to transfer ownership to the team that has supported me in growing the business over the last 20 years. I look forward to taking a step back but continuing to support this next phase of growth for the business.”
Nevis Capital has backed the deal. Partner Ian Buchan said: “Hardie Polymers has all of the attributes that we look for in a business. A great team, outstanding customer service, and a leading position in their market. The business is approaching its 100th anniversary, and we look forward to being part of it for a long time to come.”
Nevis Capital is a partnership of four individuals who have owned and operated their own businesses. They make long-term investments of their own money into companies they admire, backing people they trust. They have grown to become one of the leading investors in the SME market in the UK.
Visit www.hardiepolymers.com, or get in touch using the contact details below to learn more about the company, polymers supplied, and request a quote.
Hardie Polymers
0141 952 1900
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