MD Gareth takes the reins at Stat­i­flo

Macclesfield Express - - BUSINESS SME BUSINESS TIPS -

AN en­gi­neer­ing com­pany which de­signs equip­ment for the wa­ter, oil and gas in­dus­tries world­wide has been bought by its man­ag­ing di­rec­tor.

Gareth Fry, 36, has ac­quired a ma­jor­ity stake in Stat­i­flo In­ter­na­tional for an undis­closed sum.

The Mac­cles­field-based com­pany, which has sub­sidiaries in the US and Ger­many, was wholly owned by chair­man and chief ex­ec­u­tive John Baron, who founded Stat­i­flo in 1983 in a spare bed­room at his home in Wilm­slow.

Fo l l ow­ing the deal, Gareth has a 70 per cent stake, while John re­tains 30 per cent.

John, 66, is stay­ing on as chair­man.

Stat­i­flo, which is based on Wood Street, has 23 staff and an­nual rev­enues of more than £4m. It de­signs and sells static mix­ers and other chem­i­cal process equip­ment which is used in more than 80 coun­tries world­wide.

The bulk of its rev­enue comes from the wa­ter and waste­water treat­ment in­dus­tries and it also sup­plies the oil and gas, petro­chem­i­cal, food, phar­ma­ceu­ti­cal, pulp and pa­per sec­tors.

Gareth joined as sales man­ager in 2008 and be­came head of sales then op­er­a­tions di­rec­tor be­fore he was ap­pointed manag- ing di­rec­tor last Novem­ber as the suc­ces­sion plans took shape.

A team at ac­coun­tancy firm Hurst, in­clud­ing chief ex­ec­u­tive Tim Pot­ter, part­ner Paul Brown and as­sis­tant man­ager Rachel Jack­son, ad­vised on the deal.

Le­gal ad­vice was pro­vided by Chris Dunn and Ni­cholas Em­mer­son at Gate­ley.

John Baron said: “I have reached the stage where I am ready to hand over the reins and Gareth is the ideal suc­ces­sor. He is ex­tremely knowl­edge­able and ex­pe­ri­enced and I’m con­fi­dent that Stat­i­flo will con­tinue to thrive un­der his lead­er­ship.”

Gareth said: “I’ve spent my en­tire ca­reer in­volved in the de­sign and sup­ply of process-re­lated equip­ment. I’m pas­sion­ate about the prod­ucts and the ben­e­fits they bring to the world’s process in­dus­tries.

“This deal se­cures the fu­ture of a very suc­cess­ful global busi­ness. I am look­ing for­ward to main­tain­ing and de­vel­op­ing, in par­tic­u­lar, our very strong po­si­tion in the global wa­ter in­dus­try and con­tin­u­ing our growth in the oil and gas sec­tor.”

Gareth has taken im­me­di­ate ac­tion to drive Stat­i­flo’s growth, by re­cruit­ing Ron Russ to the new post of global sales and mar­ket­ing di­rec­tor.

●» From left: John Baron, Tim Pot­ter and Gareth Fry at Stat­i­flo

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.