Skelmersdale manufacturer Mechan Controls to create jobs after £900k buy-out
A manufacturer headquartered in Skelmersdale is preparing to create jobs after undergoing a five-figure management buy-out.
Mabruk Farrah purchased the assets of Skelmersdale-based Mechan Controls from the Mandicom PLC Group using a £900k funding boost from NatWest to support the deal.
Following the takeover, Mabruk is now Mechan Controls’ sole shareholder and a minority shareholder of Mandicom.
Mechan Controls, which employs a team of 15, is planning to create around four new jobs at its manufacturing base at Seddon Place.
The company was established in 1971 and provides safety control switches used by international companies during the manufacturing process.
Mabruk Farrah said: “I have been a Technical director at Mechan Controls for almost two decades and witnessed it grow from a small-scale supplier to the global leader in machine safety switches it is today.
“Taking ownership of the business is a milestone for me and I am looking forward to continuing our growth and strengthening our position in the industry.”
He added: “It was important to me to work with a bank that took the time to understand the business and NatWest has really done that.”
Alistair Igo, NatWest relationship manager, commented: “Mr Farrah has a real passion for what he does which shows in his long-term employment at Mechan Controls.
“Now he has a chance to take the lead and drive forward its growth and success.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Why global conflict is a cyber risk for UK SMEs
Improving safety and standards in construction
From economic engine to community ecosystem
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth