Four directors of Mansfield-based fabricator Future Products have completed a Management Buyout of the company following the decision of Chairman and owner/co-founder Dennis Thorpe to step down from his full-time role after nearly 40 years.
The new co-owners, Stuart Bower (Managing Director), Martin Lindsey (Operations Director), Chris Thompson (Sales Director) & Andrew Francis (Finance Director) have between them over 80 years of fenestration industry experience between them. They say they saw the move as the opportunity to demonstrate their belief and commitment in the business they have come to know and love.
Dennis said the decision was made only after months of deliberation but concluded: “I wanted the business to stay in good hands and the guys have been with me for a very long time. They deserve every success.”
Managing Director Stuart Bower said: “We are grateful for the opportunity and Dennis will be missed within the business by us all.
“As Director-owners, we can ensure Future Products growth continues and we can maintain uninterrupted business continuity and stability for our customers and employees alike. We will retain Dennis’s core values that made him and the business so successful.”
The directors concluded: “Dennis has devoted most of his working life to the business and the decision was a tough one to make but Dennis deserves his well-earned retirement, although Dennis has other interests that will keep him busy.”
From beginnings in 1984 in a 1,000sqft factory, Future Products now manufactures windows, doors, tilt & turns, patio doors, porches and conservatories to the trade from a 67,000sqft manufacturing unit close to J29 of the M1, as well as in-house glass toughening and manufacture of glass units and door panels.
Pictured, l to r: Martin Lindsey, operations director; Adam Thorpe, director; Chris Thompson, sales director; Dennis Thorpe, Stuart Bower, managing director and Andrew Francis, finance director.