A Kent-based designer and manufacturer of lighting for architectural, marine and display use has been the subject of a management buy-out (MBO).
Established in 1979, LightGraphix has been acquired for an undisclosed sum in a deal led by Robert Buxton, Simon Lyon and Stan Harris.
Former managing director Richard Hargreaves will remain as a non-executive director. Funding to support the MBO was provided by the Royal Bank of Scotland and Mr Hargreaves.
The company was established in Dartford, but it moved to new purpose-built premises in Crayford in 2006.
Its facilities include metal-work machining and presswork, fabrication, powder coating, assembly and an extensive testing area, together with design and administration offices and a comprehensive showroom.