Six-figure buyout for management team
help and advice on how Sefton Council can help tackle anti-social behaviour, visit www.sefton.gov. uk. CORERFID – the Skelmersdale-based company which is a leader in the design of electronic tracking systems - has completed a six-figure buyout.
The deal provides an exit for its original investor, The Coalfields Enterprise Fund, managed by Mercia Fund Managers, and allows the management team to take full control of the business.
CoreRFID uses radio frequency identification (RFID) technology to track everything from plant and vehicles to product deliveries and legal files.
The company, which employs nine people in the North West, serves an international client base.
CoreRFID’s management team – MD Munzi Ali, sales director Richard Harris, and chairman Terry Allen - bought part of Mercia’s stake in 2016 but have now acquired the remaining shares.