Munsch & Co in Bollington, Macclesfield, a manufacturer of high-quality gaskets and plastics, has completed a management buy out as it marks its 50th year in business.
Owners Simon and Debbie Carless, who have been at the helm since 2001, have sold their shares to directors Paul Gregory and Clive Marsh who have ambitious plans for this Cheshire business.
Paul Gregory, who formed a subsidiary business – Polymer Trade Manufacturing (PTM) – with Munsch & Co in 2015 said, “Innovation always pays off, whether that’s in the manufacturing process or in business leadership. I’m excited to be taking this on with Clive and bringing a fresh approach to this well-established family firm.”
Munsch & Co was established 50 years ago in Bollington, Macclesfield, by Wilfred Charles Munsch and Terry Carless. In 2007, Munsch & Co acquired Wrexham Rubber Fabricators and Moulders and in 2015 they formed a subsidiary – PTM – for the manufacture of specialist gaskets and seals.
Advised by Christian Mancier of Gorvins Solicitors, who has been advising Paul Gregory on various matters for nearly 20 years, this is a pivotal moment for the firm.
Sales Director Clive Marsh said “There is a strong market for high quality industrial rubber and sealing products, and this step secures a stronger future for our employees.” Christian Mancier, Partner at Gorvins, said “I’ve been advising and working with Paul for many years and more recently with Clive, and it’s a privilege to help them secure a new future, for themselves and for the business.”