Tufting Machinery Services completes MBO

Chris McGonagle said: “Both myself and John are incredibly proud to take the reins of Tufting Machinery Services. Our focus is now on building on Eugene and Paul’s hard work to ensure the business has a secure and prosperous future.

Tim Mills – corporate finance partner at PM+M added: “This is a fantastic opportunity for Chris and John and allows a well-established and much respected Lancashire business to flourish.” Charlotte Mills - associate partner at Farleys – said: “It’s been a privilege to help Chris and John achieve their goal of taking ownership of a company with a clear plan for further business growth, and we wish them every success for the future.”