Buyout of filter maker
A BLACK Country filter manufacturer has undergone a management buyout.
Walsall-based Bowman Stor is now under the sole control of current managing director Richard Potts who has been in the post since 2013.
Established in 1998, Bowman Stor designs, develops, manufactures and distributes industrial filtration systems, supplying domestic and international clients in sectors such as automotive, aerospace, healthcare and water treatment. Mr Potts was backed in the deal with £2.5 million in funding from Frontier Development Capital.
The sellers were John and Verity Timmins who founded the business and have decided leave it completely to pursue other ventures. The new injection of capital will be used to invest in research and development and support entry into new markets.