Product category:
Manufacturing dealerships, agencies and acquisitions
News Release from: Phasa Developments
Edited by the Manufacturingtalk Editorial
Team on 11 April 2007
Plastic stake assembly management buy
out
Management at Phasa Developments have purchased the business from its parent company, US-owned Truck-Lite Europe, and will trade under the new name of Phasa Limited.
It was announced today that a Management Buy Out Team comprising of Terry Elvidge, Dietmar Schafer (Germany) and Tony Woods purchased the trading name and assets of the Phasa Developments business from its parent US-owned Truck-Lite Europe to trade under the new name of Phasa Limited In announcing the purchase Tony Woods for the Buy Out team commented; "Phasa has recently found it difficult to fit within its Parent Group core business activities and we are now delighted to have this opportunity of developing and driving the Phasa brand of products forward to new levels of technical excellence and customer service
This article was originally published on Manufacturingtalk on 15 Aug 2001 at 8.00am (UK)
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Phasa to show off latest technology States-side
PHASA Developments will be reinforcing its recent expansion into the North American market by participating at Assembly Technology Expo 2001, in Chicago, US, during October 2-4, this year.
Phasa is recognised as the world leader and generic brand for plastic stake assembly, with this independence, our staff talent and new ideas available, technical product innovation will begin to flow.
We will be announcing and showing much of this development at the "K" Fair Dusseldorf during October on our stand number 12D35.
By June this year the company is scheduled to move to its new purpose built 6,000 sq ft.
(560m) Office and Manufacturing site near to the Cambridge Science Parks.
We will continue to develop and build upon our strong customer relationships which are mainly based around the Automotive Market 1st and 2nd Tier supply chains.
Our new Management Team has been encouraged by the tremendous support from many of our customers who have welcomed this change and see it as a positive chance to work even closer and develop links on product design for their own individual requirements.
The future and continued success for Phasa customers and staff is looking very positive as we now seek to drive the business to even higher levels of excellence".
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