Yorkshire-based manufacturer Red Dog Linings is now officially a fully independent business, following a successful secondary management buyout instigated by the companyâs current Managing Director Phil Leonard. Leonard partially bought out the business 2013, and since then there has been noticeable growth and expansion that is now sure to continue following the completion of the buyout.
Red Dog Linings is an international hardfacing specialist that offers services to reduce abrasion and impact in bulk materials processing plants, and following a successful rebrand under the guidance of Leonard, the business has managed to explore into new markets both domestically and internationally.
The company is currently exporting almost two thirds of its products overseas, for use in several different industries such as steel, cement, waste-to-energy, chemical and recycling.
This secondary buyout is the culmination of a lot of hard work by the team which enables us to really build on our current success and expand on the incredible achievements made to date, commented Phil Leonard. At Red Dog Linings, we offer a unique proposition, both in terms of the companyâs approach to customer service and the breadth of products we supply. Weâre incredibly excited about the future of the business.
The plan for Red Dog Linings now is to increase the annual turnover by 40 per cent over the course of the next few years, which is a big challenge but nothing that is too much of an ask for Phil Leonard and the team judging by the recent progress.
Matthew Chenery is the Barclays Relationship Director who organised the funding for this new deal, and he has described it as a significant and pivotal milestone in the companyâs history, that will pave the way for further expansion and growth. Whether this will be the case we will have to wait and see, but things are certainly looking positive now for Red Dog Linings.