# Management buy-in completed at Pressmark Pressings

A management team led by Alan Gardner, John Nollett and Les Wilkins completed a management buy-in of Pressmark Pressings in July 2016, backed by their own cash and loans from ABN AMRO and Cambridge and Counties Bank. The company has since secured over £2 million in new contracts for automotive parts.

- Type: Acquisition
- Announced: 2016-07-01
- Where: Atherstone, Warwickshire, United Kingdom
- Status: completed
- Products: metal pressings, resistance welded assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Pressmark Pressings](https://endata.com/companies/17699.md) (target)
- [ABN AMRO](https://endata.com/companies/27236.md) (investor)
- [Cambridge and Counties Bank](https://endata.com/companies/27237.md) (investor)

## Sources

- [zenoot.com](https://zenoot.com/2017/09/29/pressmark-celebrates-mbi-anniversary-with-2m-sales-boost/), 2017-09-29: "We had seen the potential in Pressmark for a while, but by the time we had managed to put together the MBI the company was struggling commercially and had just lost 25% of its sales due to the end of a contract."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.