Shiny new start for Stainless business

	Left to right: Bob Smalley - Senior Corporate Banking Manager - HSBC, Emma Garland - Solicitor - Schofield Sweeney, Steve Duree - Commercial Director - Pland, Tariq Javaid - Corporate Finance Manager - Garbutt & Elliott, Michael Haigh - Managing Director - Pland and Ian Hodgson - Operations Director - Pland.

Leeds based leading independent stainless steel product manufacturer and distributor Pland  Stainless Ltd is acquired via a Management Buyout. Garbutt & Elliott Corporate Finance acted as lead advisors to the management team.

Pland Stainless can trace its roots back to 1919 and operates from two sites in Leeds and Glasgow. The business trades major brands Pland, Santric, AMS, and Haws and is a significant supplier to the catering, public and OEM sector. The company supplies products ranging from stainless steel washbasins and bowls, catering sinks and tables, to drinking fountains and showers. The buyout provides the new management team with an excellent springboard for growth through new innovative product development in the pipeline.

The buyout team includes Michael Haigh, Managing Director, Steve Duree, Commercial Director, Ian Hodgson, Operations Director, and Gary Miller Production Director who all have vast experience within the specialist stainless steel manufacturing sector.

Steve Duree, Commercial Director said “Pland’s strategy has been to keep customer service at the forefront of the business and the buyout serves to secure the future expectations of our customers in delivering that objective. We are privileged to have the opportunity to take the company forward and meet new challenges in the coming years. We are wholly committed to see the business succeed and have a strategy in place for continued investment and growth”.

Tariq Javaid, Manager at Garbutt & Elliott Corporate Finance said: "We have been delighted to work with the management team and to successfully assist in the completion of the buy-out. Pland Stainless is an excellent long-standing Yorkshire manufacturing business and will undoubtedly move forward and strengthen its position in its niche markets”.

Emma Garland, Schofield Sweeney advised on all legal matters and finance was provided by Bob Smalley of HSBC Bank plc. Wheawill & Sudworth are retained as Auditors.