A management buyout has completed at Powerlite Fitzgerald Ltd, a Yorkshire-based lighting manufacturer.
With the deal, two family members and two directors will take over the reins at the 38-year-old company.
The MBO includes former sales manager Haydn Williams and technical director Chris Thompson, who after many years in the business along with Pollyanna and Jemima Robinson, daughters of the founder Nick Robinson, are the new team in charge of the business. Nick Robinson will continue in the business to hand the reigns over to the new team.
Founded in 1984 by Nick Robinson and his wife Beverley, Powerlite Fitzgerald has grown into a market leader in commercial lighting products. The business has two factories in the UK and prides itself on its range of products and capabilities in producing bespoke products for companies throughout the UK.
With over 60,000 sq ft of production and warehouse space the business employs over 80 staff. It has advanced production facilities for both metal work and LED boards. Sustainability and low product miles enhance its green credentials.
Nick Robinson, chairman of Powerlite Fitzgerald Ltd, said: “Having spent so many years building a successful business it has always been my aim to pass it on to a new generation to take the business to the next level. I am really excited at the prospects for the business in the capable hands of the new management team.
“The team have a wide range of skills which will enhance the capability and sustainability of the business, leading the way in the lighting industry as the technology and markets develop.”
