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News:

March 14, 2019

Management buyout at Tetenal UK

Tetenal UK, the Leicester based subsidiary of the insolvent Tetenal Europe GmbH of Norerstedt, Germany, has been taken over by a consortium of four members of the current management team headed by Managing Director Mike Fawcett. The other members are Finance Director Mark Norman, Sales & Marketing Director Phil Barker and Operations Director Verity Adkin. The new company is a wholly owned business in its own righ and will continue to operate Tetenal UK’s business as distributor of photographic printing equipment, consumables and chemistry. Since a group of employees of Tetenal Europe is currently purchasing the intellectual property, brand and means of production of their former employer,  the production of photo chemistry upon will continue in Germany. The products will be distributed throughout the world by the new separate Tetenal business and the former subsidiaries of the insolvent company, including operations in Poland and France.


Mike Fawcett, Managing Director and now co-owner of Tetenal in the UK commented the deal: “It fills me with a great deal of pride to now be co-owner of Tetenal, a business which I have helped and nutured over the years to become the successful and profitable company it now is. When it became apparent that there was a chance to put together a management buyout I spoke with my key partners and we all agreed it was too good an opportunity to pass up. We talked about where we’d like to take gthe business and in the end, it was and easy decision. The company has been built on the four pillars of great colleagues, customers, suppliers and products. The four new owners, together with the support of our UK colleagues have a clear vision of how we want the business to build upon the year on year growth we have achieved and look for new areas of opportunity and growth.”

“I’m proud and excited to be part of the management team that has taken ownership of Tetenal UK”, added Tetenal UK's Sales & Marketing Director Phil Barker- ”I  can’t wait for the dust to settle so we can kick start our plans and visions of growth for this great company, our hard work and determination has been pivotal to our growth over the last five years and I’m confident the next five will be even stronger, Tetenal UK has a bright future and I’m so pleased to be part of that.”

As part of the buyout, Tetenal UK has purchased the rights to the Spectrajet brand name which encompasses a wide range of inkjet media covering dry labs through to large format and fine art media. The SpectraJet brand will be an integral part of the future growth plans of the new business.

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