Leicester-based Camloc Motion Control (www.camloc.com) has been the subject of a management buy-out and is looking to grow, having secured funding from the Foresight Group (a private-equity investment manager with UK offices in Nottingham, Manchester and London) and RBS.

The company, which makes gas springs, brackets and dampers, has been taken over by sales and marketing director Andy Hubbard, finance director Julie Barker and engineering director Matt Warne. Previously owned by American investors, it has annual sales of around £4 million and employs 36 people.

Mr Hubbard said: “UK manufacturing is very much ‘alive and kicking,’ and the Foresight investment has enabled us to become a British-owned gas spring company for the first time in over 25 years. We are proud to have a solid business and a high-quality product range on which to build.”

Former managing director Tony Calvert said the time is right for the “fresh approach” that his colleagues will bring. “This is a great team. Andy, Julie and Matt have the industry experience and the drive to develop the business even further, and I’m confident the relationships we have built with Camloc customers, suppliers and colleagues over the years will continue to thrive.”

Foresight’s Sebastian Saywood, who will join the Board as investor director, said: “Camloc is an excellent example of a professionally managed British manufacturing business with strong growth prospects. The company provides
premium products and market-leading service levels. We are looking forward to working with management who have impressed us with their expertise, professionalism and ambitions for growth.”