Rotala acquisition completes
A management buy-out of Rotala Plc is now complete.
The business has been acquired by a newly incorporated entity (Rotala Group Ltd) set up by the company’s directors. Rotala Group Ltd is wholly owned by the existing Chief Executive of Rotala, Simon Dunn, Bob Dunn (Executive Director), and John Gunn (Non-Executive Chairman), together with certain of their spouses and other personal interests.
“The Board intends to maintain Rotala’s continuous pursuit of operational excellence”
A statement on Rotala’s website said: “The Board believes that, in order for Rotala to achieve its full potential, it is better suited to a private company environment, where management is in a stronger position to deliver its longer-term business plan, with a simplified corporate structure, free from, among other things, the requirements to meet the UK public equity market’s shorter-term expectations and the regulatory burden, with its associated expense, which comes with maintaining a UK public quotation.
“The Board intends to maintain Rotala’s continuous pursuit of operational excellence, while seeking operational efficiencies. It will also continue to invest in Rotala’s established platform and to support the growth of its existing businesses in their current markets, whilst at the same time seeking out new opportunities in other geographical regions.”
The intention to make the acquisitoin was first announced in September last year.