By John Whitehead, Plastics & Rubber Weekly
21 May 2008 - Hull-based Thompson Plastics has been acquired in an mbo led by group managing director Richard Clynes along with several other directors for an undisclosed sum. An external private investor assisted with the acquisition
The group was privately owned by Andrew Eavis, who established it alongside Noel and Mike Thompson in 1977; Eavis, chairman for the past 14 years, is taking on a consultancy role with the business which turns over £40m.
Employing 560 people, Thompson Plastics Group incorporates Thompson Plastics (Hull), Plastics (Manchester), Thompson Technik (Hessle), Thompson Technik (Newcastle) and Thompson Technik (Bridgend).
The company is a major supplier to the caravan, motor home and holiday home industries, producing exterior panels, washrooms and shower cubicles. Thompson Technik supplies off-road and commercial vehicle makers including CAT, JCB, Volvo and Komatsu.
In addition to its thermoforming capability, the company's processes also include long-fibre polyurethane, rotational moulding and RIM processing of pDCPD.
Eavis said: "At over 60, I have other interests to pursue before I get too old. I pass the business to young energetic friends who have years of experience in the company. The investors bring extra strength to the company."
Plastics & Rubber Weekly is a sister publication to Urethanes Technology International