The buyout has been carried out by a group of investors made up of current and former employees of PDS and helps to secure the long-term futures of employees and facilitates future growth opportunities within the door and joinery industry.
Tim Fairley, formerly managing director and founder, led the MBO.
“When I was presented with the opportunity to get back involved with PDS and help to form this co-operative of investors it was an easy decision for me,” said Mr Fairley.
“We have big plans to grow the business and further develop our already large portfolio of residential and fire-door products to the refurbishment and new build sector.” PDS will continue to operate from its 77,000ft2 head office and manufacturing facility in Littleborough.
