Sales and marketing director Gary Potts and operations director Derek Payne have taken control of Outreach and its equity interests after engineering a deal with principal shareholders Wilson Paton and Charles Johnston.
The hydraulic loading and access equipment supplier, which provides timber cranes and other machinery to the Scottish forest products industry, has recently seen significant growth, with a record forward income order of £12m in the previous 12 months and sales expected to grow from £6m to £10m by 2008.
Mr Pato said that Outreach will have “a bright future” under its new management and that its 50-strong workforce will be able to “look forward with confidence”.
“When Outreach was formed during 1990, my hope was that, at the right time, the business might appeal sufficiently to younger directors that they would want to own it,” said Mr Paton.
“I believe that the time is right. It is important that our employees can look forward with confidence to a bright future under the leadership of young, capable and highly motivated management.”
Outreach, which was borne out of the engineering division of James Jones & Sons Ltd, imports Epsilon timber cranes for the whole of Scotland and also supplies grabs and grapples to the sector.
