Tobar has announced the completion of a management buy out led by David Mordecai (CEO) and Glyn Loveday (FD) and backed by Merino Private Equity.
David Mordecai commented: “We are thrilled to be partnering with Merino, which believes in the strategic direction and passion of the company and the next stage of growth. We have worked hard in recent years to build the business, so this is an exciting time for all of us at Tobar and we have high aspirations and exciting plans for the future of the group.”
Mark Colley, managing director for Merino, commented: “We are delighted to announce our acquisition of Tobar. We are excited to be supporting David, Glyn and the rest of the management in achieving their ambition to realise the next stage of growth for the business.”