MBO for Astralux Dynamics
An
Astralux Dynamics product story
Edited by the Engineeringtalk editorial team
Feb 7, 2003
Astralux Dynamics has performed a management buyout from venture capitalists Vector Industries.
Astralux Dynamics has performed a management buyout from venture capitalists Vector Industries.
The new owners, Geoff Earl as Managing Director and John Woodrow as Financial Director, purchased the shares in the company at the end of December.
Earl said: "The company name will remain unchanged and the management team and indeed the whole workforce will be unaffected".
The company was started in Brightlingsea in 1948 by entrepreneur, Freddie Williams, in his garage, manufacturing scent sprays.
It has developed into an electronics engineering company, designing and assembling a wide range of customised equipment for blue chip customers, including British Telecom.
Astralux manufactures primarily in the UK in a 2500m2 factory and is the largest employer in Brightlingsea.
Earl said, "We will continue to produce the Astralux range of switching devices, electronic control products and telecommunications interconnection equipment and components.
We have a loyal and dedicated workforce and plan to secure their future".
With ISO9001 quality approval, Baseefa approvals, in-house design, development and testing capability, and a reputation for world-class quality and delivery performance, the company is well placed to introduce additional new and exciting products.
Earl said: "We believe our action will give the company a period of stability to prepare for the future demands of our industry".
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