A supplier of security products has undergone a management buy-out backed by a multi-million pound loan from Frontier Development Capital.
The deal gives full control of Haydon Marketing to Peter Dickens, the managing director, and allows for the retirement of his long-term business partner and co-founder Mark Neale. Peter now plans to continue expanding the company, which the two men established in 1993.
Based in Droitwich, Haydon supplies wholesale distributors throughout the UK with security products including fire and intruder alarm accessories, CCTV, access control, AV, connectivity and networking systems. The company has continued to expand its product portfolio over the years. Its latest addition is power supplies for fire alarm systems, which were introduced in summer last year, and already account for a significant part of its revenue.
Peter Dickens, Managing Director, said: “Fire systems are currently a major growth area for us, as users seek to invest in safety amidst growing awareness of the fire risk. We also see opportunity to expand our own-brand manufacturing service for our wholesale customers. The buy-out is the start of a new era for Haydon and I look forward to taking the business to the next stage of its development.”
Justin Sorby of Frontier Development Capital added: “The funding will enable Peter to build on its success to date and work with the management team to pursue new growth opportunities.”
