Stockport packaging manufacturer, Glossop Cartons, has confirmed the completion of a management buy-out, with former Sales Director Wayne Fitzpatrick taking the reins as MD.
As managing director, Wayne Fitzpatrick will lead a new management team comprising David Bartlett as head of operations, Simon Boden as head of supply chain and business improvement, Clare Beswick as head of HR and Matthew Clarke as head of sales.
The buy-out was managed by Andrew Baggot, managing partner of Clarke Nicklin Chartered Accountants, who supported a smooth transition for both parties.
Last year, Reddish-based Glossop Cartons achieved growth of £11.5 million and the new management team has developed a sustainable growth strategy for the business going forward.
MD Wayne Fitzpatrick, who joined the Stockport packaging firm in 2018, said:
We have nearly four generations of success on which to build and I’m genuinely looking forward to the prospect of leading the business forward in its next phase of development. Innovation, quality and service are the cornerstones of Glossop Cartons and it will be an exciting and rewarding journey for ourselves, our staff and customers as we build on this strong market position.”
Former joint managing directors Jacky Sidebottom-Every and Brian Sidebottom, will continue as consultants to the business. Sidebottom-Every said:
This buy-out is the next chapter for Glossop Cartons and it is an incredible opportunity for a stellar management team to further develop the business and take it to the next level.
“We’d like to thank Wayne for buying the company – we are delighted that it will remain independent and managed with the same values that have stood it in great stead for the last 39 years.”