Di­rec­tor takes on ma­jor stake in business

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.

Fol­low­ing the deal, Gareth has a 70 per cent stake while John re­tains 30 per cent.

John, 66, who is stay­ing on as chair­man, 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, who joined the firm as a sales man­ager in 2008, 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.”

Stat­i­flo 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 man­ag­ing 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. NO mat­ter how big your business, you need to be think­ing about your strat­egy.

In fact, if you are a good man­ager or en­tre­pre­neur, you will be think­ing about strat­egy 24/7.

If you are not, you can be sure that one of your com­peti­tors al­most cer­tainly will be.

This week, John Ashcroft, chief ex­ec­u­tive of­fi­cer of pro. manch­ester, shares his top tips for strat­egy: Cre­ate a vi­sion Your business may be­gin with an idea but you need to de­velop a vi­sion, one that oth­ers might share, and of­fer lead­er­ship to your staff, so they know where the business is head­ing. De­velop the team Your core team should in­clude a prod­uct cham­pion (that’s you), a sales per­former, to con­vert your ideas into sales and a fi­nan­cial an­a­lysts, to en­sure the fi­nances are un­der con­trol.

●● John Ashcroft, pro-manch­ester CEO, Set your tar­gets, ob­jec­tives and key re­sults. En­sure they are SMART tar­gets – that is, spe­cific, mea­sur­able achiev­able, re­al­is­tic and tar­getable.

●● John Baron, chair­man, Tim Pot­ter, from HURST, and Gareth Fry, who has bought the ma­jor­ity stake in Stat­i­flo In­ter­na­tional

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