Manor Creative print and design company has been taken over in a management buyout (MBO).
The MBO team, led by new chief executive Graham Brownett, brokered the deal with the help of the Royal Bank of Scotland's Structured Debt Solutions division.
Brownett told printweek.com that the new team would ring the changes at Manor Creative, starting with the environment.
"We are doing a lot of work on our environmental policies towards gaining the BS 8555 environmental standard," he said.
He added that an announcement about its environmental pledges called Manor Earth was imminent.
The structure of the company has also been changed, with the board having a greater involvement with managing the business and a nine-strong "company management team" of directors and managers. Existing staff will be retained.
Brownett described the MBO as an "entirely amicable" arrangement. "The ex-chief executive expressed a desire to go off and do other things. After plenty of discussion, we decided that this was the best way forward for him and the company," he told printweek.com.
Brownett will be supported by erstwhile finance manager Paul Denne, who becomes finance director.
RBS Structured Debt Solutions associate director Mathew Glentworth said: "The company is a longstanding customer and collectively the management team have a wealth of knowledge and expertise in the industry."
Financial details of the deal were not disclosed.
Source: printweek
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