Rub­ber and plas­tic firm bought

Birmingham Post - - NEWS -

A HIS­TORIC Birm­ing­ham rub­ber and plas­tics man­u­fac­turer has been bought by its man­age­ment in a seven-fig­ure deal.

Dig­beth-based CB Frost & Co was formed in 1921 and cur­rently em­ploys more than 20 peo­ple.

The busi­ness de­signs and man­u­fac­tures be­spoke prod­ucts for a wide range of in­dus­tries in­clud­ing rail, con­struc­tion, en­ergy, automotive, mil­i­tary, de­fence and med­i­cal.

Di­rec­tor David Dunn will re­tire from the busi­ness but Philip Bea­dle will re­main on the board as non-ex­ec­u­tive chair­man to over­see the tran­si­tion to the new man­age­ment team.

Both said the de­ci­sion to sell their shares to the man­age­ment team was not taken lightly.

The undis­closed buy­out is ex­pected to pave the way for fur­ther growth and de­vel­op­ment for CB Frost and its new man­age­ment team led by Paul Kennedy and Mark Jones.

This in­cludes ex­pan­sion into new sec­tors and fur­ther in­vest­ment in plant and ma­chin­ery.

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