Management Buy-Out of Ultrawave Ltd
Ultrawave ltd, one of the leading ultrasonic cleaning equipment manufacturers in the UK, is pleased to announce that it has successfully completed a management buyout from its former Managing Director, John Melville.
Based in Cardiff, the company has over 27 years of experience in the design and manufacture of precision ultrasonic cleaning equipment. Supplying to a diverse range of customers in many industries, domestically and internationally, Ultrawave’s ultrasonic cleaning equipment is superior in quality and performance. Full warranty and service back up is supported by a dedicated after sales team to ensure high customer satisfaction.
The institutional funding for the buyout was provided by Finance Wales and the management buy-out team comprises of the 4 existing directors; Nicola Watkins, Ian Corp, Kevin Davies and Andrew Beresford who is now Managing Director.
In addition, Ultrawave has appointed Nick Harknett as a Non-Executive Director, who is the former Marketing Director of the Yell Group and brings significant experience in the sales and digital arenas.
“As a trusted supplier of high quality ultrasonic cleaning equipment, Ultrawave already has a customer base that ranges from healthcare to many manufacturing and processing industries.”
“The management team has ambitious growth plans following the buy-out, continuing to work closely with our existing customers. Building on this firm foundation, we want to further develop products and services that will deliver the most effective and efficient cleaning processes.” says Andrew Beresford, Managing Director at Ultrawave Ltd.