Braking specialists, Juratek has just undergone a successful management buyout by the existing team of Directors.
On April 26th 2016 Allan Hooks and Matt Robinson successfully purchased the entire shares of Juratek Holdings Ltd.
Allan Hooks will serve as Chairman and Matt Robinson has moved from his role as General Sales Director to the role of Managing Director with day to day responsibility for the company and for setting and implementing the future strategic direction of Juratek.
Commenting on the completion of the MBO Mr. Hooks commented: “It is very pleasing to complete the transaction and secure the future of the company. Our aim is growth and we now have the key people in place to achieve this.”
On the exciting growth plans for Juratek, Mr. Robinson commented: “I am delighted to now be in partnership with Allan. Over the past 12 months we have completed a turnaround in the culture and direction of the business. Our passenger car braking programme continues to expand, with some new product ranges about to be launched. We have seen fantastic growth in this area and the aim is to aggressively continue to build our growing market share. We have also become much more aggressive with our commercial vehicle offering and this will be an important part of our growth in 2016/17.”