Industry
Insights

Members News

Regional experts advise on Mill Masters MBO

Experts from two local firms, alongside funders NatWest have teamed up to assist the management of specialist engineering firm Mill Masters International with its buyout from US parent Mill Masters Inc.

Teams from AMF member, MHA Tait Walker led by Michael Smith, and The Endeavour Partnership led by Nigel Williams, helped guide management team Chris Harford and Peter Chappell through the buyout process, while the company’s bank, NatWest provided the facilities to enable the buyout to proceed.

Between them, Chris and Peter have over 50 years’ experience in the automotive heat exchanger sector, and they are both looking forward to further developing MMI as an independent business.

Formed in 2014, MMI employs a team of highly-skilled engineers and designers to design, manufacture, commission and supply heat exchanger assembly machines and associated equipment, predominantly to the automotive and HVAC sectors.

“We will continue to work with our US colleagues,” said Chris Harford.

“In fact we have several major projects ongoing at the moment, but we also have some exciting plans in terms of where we want to take things ourselves in the coming years.”

Peter Chappell explained: “We learned a lot during the buyout process; Michael and Nigel were excellent, and their experience and technical ability was invaluable to us in getting the deal done. The team at NatWest helped put the funding package together and were always on hand throughout to make sure the deal happened.”

“Chris and I are extremely grateful to Bill Panthofer for giving us this opportunity to develop and grow the business and we wish him and the team at MM Inc every success in the future.”

Michael Smith of MHA Tait Walker, said “Nigel and I have a lot of deal experience. In fact we first worked together more than 20 years ago. That said, every deal is different; MMI is a fantastic local manufacturing business and Chris and Peter head up a committed, ambitious, and talented team. We wish them well for the future.”

David Robinson, Relationship Director at NatWest, said “We are delighted to support the management team in bringing this local business back into UK ownership. Mill Masters is a seasoned exporter and we wish Chris and Peter continued success.”

To find out more about MHA Tait Walker, visit its member profile here.

Related News

Keep up to date with the latest news in advanced manufacturing

June 23rd 2022

AMF and Newcastle Business School Agree Strategic Partnership

Northumbria University’s Newcastle Business School has entered into a strategic partnership with the Advanced Manufacturing Forum (AMF).

Read More

May 18th 2022

AMF – Fully Funded Training Solutions

If you are an SME business based in Tyne & Wear, you can take advantage of fully

Read More

April 22nd 2022

AMTECH Target the Difficult to Process Carbon Fibre Nylon 12 Material

Among their many expert services Amtech Rapid Prototyping continue to expand and now have an additional site

Read More

Back to News

HOW WE CAN HELP

Connecting manufacturers and providing support to drive collaboration.

The AMF provides an extensive range of benefits, insightful events, and exclusive opportunities to support our members in growing and developing their businesses.

Join us

UPCOMING EVENTS

Our events provide expert insights, practical tips and advice on specialised areas

From our Monthly Meetings to our Focused Forums, each of our events sees guest speakers share their real-life experiences and first-hand knowledge of the things that effect your business. With networking and Q&As, our events allow you to connect with and learn from leading industry experts.

Find out more

06/07/2022

8:00 am

Business Improvement Forum

AMF Breakfast Networking @ RTC North

14/07/2022

8:30 am

Process Improvement Forum

AMF Process Improvement Forum

20/07/2022

12:00 pm

Monthly Meeting

AMF Monthly Meeting – BTS Facades & Fabrications

21/09/2022

12:00 pm

Monthly Meeting

AMF Monthly Meeting – Tharsus; site tour

19/10/2022

12:00 am

Monthly Meeting

Tyne Coast College – Attracting Talent Into Engineering