Management buyout sparks five-year Movac plan
- 12/06/2023
- Posted by: Alan Feldberg
- Category: News
A management buy-out at Movac Group has seen existing directors Robert Lang, Craig Matthews and Keith Parvin acquire the company ahead of a strategic five-year growth plan.
Meanwhile, managing director Mark Smith retires from the company after many years of leadership.
Lang said: “Firstly, Movac will embed relationships with existing customers, continuing our service and product excellence across all three divisions.
“Looking into the future, Movac will become one of the strongest independently owned distribution companies in the UK by incorporating our core values of innovation, dedication, enthusiasm, loyalty, providing our customers with superior service and being right first time every time. This will be achieved with an extensive product portfolio from our world-leading manufacturer supply partners.
“For more than 70 years the Movac brand has been known for its heritage, quality and second-to-none product knowledge, and we continue to develop new innovations to build a sustainable and united business.”
