Britton Group: Management buy-out

Management at UK films maker Britton Group has bought the company in a E68m deal. Britton’s new owners will be led by chief executive Mike Clark and will include Turner and other members of the current management team. Turner said the move followed the retirement of Dick Searle last year after three and a half years at the head of the company. Clarke joined the group after heading firms including Macfarlane Plastics and Tyco UK. Turner added that Britton Group planned to grow the business, with backing from corporate finance companies. The company has seven sites in the UK with the capacity to manufacture 100,000 tonnes of blown and cast film. Its turnover last year was E135m.

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