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Management's Dipec Plastics deal

By Patrizia Rossi on June 12 2008

Dipec Plastics, a manufacturer of bespoke plastic products for clients, including a TV sci-fi series and a British artist, has been bought by its management. The MBO by Jason Callow followed the decision of founder and managing director Paul Robinson, to retire.

The £140,000 funding was secured from Finance Wales, while Entrepreneur Action and SRBlegal advised Callow on the deal.

Liz Hitchings, partner at SRBlegal, acted for the purchaser. She said: “I was introduced to the purchaser by BPU Chartered Accountants, which prepared the forecasts and auditors report for the financial assistance aspects of the deal.

“The purchaser was looking for a local commercial law firm with which they could continue a relationship post-completion, so SRBlegal was an obvious choice.”

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