Gorvins advises on MBO at Cheshire manufacturer

Stockport based solicitors, Gorvins, have advised on a management buy-out (MBO) by the directors of a 50-year-old Cheshire manufacturer.

Munsch & Co in Bollington, Macclesfield, a manufacturer of high-quality gaskets and plastics, was established 50 years ago by Wilfred Charles Munsch and Terry Carless. Current 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.

In 2007, Munsch & Co acquired Wrexham Rubber Fabricators and Moulders and in 2015 they formed a subsidiary – Polymer Trade Manufacturing (PTM) – for the manufacture of specialist gaskets and seals.

Paul Gregory, who formed subsidiary business 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.”

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 (pictured), has been advising Paul Gregory on various matters for nearly 20 years and advised both directors at the Cheshire manufacturer on the MBO; he commented:

“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.”