HAIGH GROUP KEEPS IT IN THE FAMILY AFTER MANAGEMENT BUYOUT

Posted: Wednesday 5th May 2010

A WASTE management company that can trace its roots back to the 1950s is set to remain in the hands of its founding family after a management buyout at the group.

The team at Ross-on-Wye-based Haigh Group is led by Managing Director Luke Shepherd. The deal enables continuity between generations of the Shepherd family and will continue to build on the group’s strength in the engineering of waste stream solutions, made in the UK.

Haigh Engineering was established more than half a century ago and manufactured the first

British-made kitchen waste disposal unit – the Tweeny.

The business has since diversified into the design, manufacture and implementation of treatment equipment for the waste water, hospital, care home and catering industries. It also manufactures disposal equipment for shipping, laboratories and the military.

Haigh employs around 100 people and has a group turnover of circa £8m.

Luke said: “Our focus will continue to be on delivering quality solutions to exceed the evolving needs and future requirements of our customers.”

Manchester law firm Pannone LLP advised the management team. The Pannone team was led by corporate solicitor Mark Winthorpe with support from banking and finance senior associate Caroline Dawson Gerrard. Bond Pearce LLP and Burges Salmon LLP also advised on the transaction.

Mark added: “The support of Lloyds TSB in the current economic climate is testament to the strength of the Haigh business and the existing management team. “We were delighted to support Luke and the team who are well positioned to lead the business forward in both the UK and overseas.”




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