A management buy out has been successfully completed at Caerphilly based pneumatic fasteners distributor, Spotnails Limited.
Spotnails, based in Bedwas, Caerphilly is a long-standing independent distributor of tools and fastener products to the UK building industry with more than 60 years trading history.
It has a national salesforce as well as a manufacturing base with servicing and repair facilities at the Caerphilly headquarters.
Funding for the MBO was provided by Development Bank of Wales, who brought in Bishop Fleming as advisors and due diligence providers.
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