Ambi-Rad has undergone a management buy-out for an undisclosed sum.
The £21 million turnover business is well known in the construction and building services industries for its high performance, energy efficient heating equipment, under its leading brand names: Ambi-Rad, Reznor, Nordair-Niche and Airbloc. The company employs over 200 staff at its four UK sites.
The company also owns 50% of a Chinese joint venture, Ambi-Rad (Daqing) Co Ltd which is based in Daqing, China.
The MBO team comprises Paul O’Donohue – Finance Director, Frank Staniland – Sales Director, Simon Hartles – Marketing Director and Chris Yates – Manufacturing Director. Mike Brookes will continue as Managing Director of the business, and John Fletcher will become non-executive Chairman as part of the deal.
- Solar powered air conditioning: the facts
- Shedding light on office lighting design
- A Glossary of construction terms
- How underfloor heating drives down whole-life...
- Why chilled beams have hit the roof
- Time obligations in building contracts and rem...
- Avoiding corrosion
- Clarifying the issues
- Providing safe hot water is vital
- How limited are your downlighter covers?
There is an obvious need for the industry to be more energy efficient and pay more attention to the ways in which energy is both used and wasted. Do you think we have the products on the market to meet our needs?
