The Star (Sheffield)
03 September 2007
03 September 2007
Mechan, the Chapeltown-based mechanical handling specialist, has been bought
by its managers, backed by South Yorkshire Investment Fund.
Business development director Richard Carr led the buy-out team, with financial
director Zahir Altaf, sales director Graham Cofield and technical director Christian
Fletcher.
All four have become equal shareholders in the business, which has designed,
fabricated and installed cranes and heavy-lifting gear since 1969, and is a major
supplier to railways.
Mr Carr, now managing director, said: "The buyout team is very confident about
future prospects, particularly as export markets now provide extensive sales opportunities. We are benefiting from increased
investment in new rolling stock and maintenance depots in the UK." Mechan will
operate from Thorncliffe Park until 2009.
