Isy Ferguson and Bartosz Komanski have completed a management buy-out of Hardie Polymers, backed by the team at Nevis Capital.
Third generation owner Fergus Hardie remains as a shareholder and director, but will step back from day-to-day operations.
Hardie Polymers was originally established in 1924 and is an independent distributor of engineering polymers in the UK.
Ferguson steps up from operations director to managing director, with Fergus Hardie becoming chairman.
Ferguson said: “I’m delighted to become a significant shareholder in Hardies and take the step up to managing director - it is a business that I feel passionately about having worked for the company for over 25 years.”
Hardie said: “This is an exciting time for the business and I am delighted to transfer ownership to the team who have supported me in growing the business over the last 20 years.”
Nevis Capital partner Brian Aitken added: “Hardie Polymers has all of the attributes that we look for in a business - a great team, outstanding customer service and a leading position in their market.”
In addition to Hardie Polymers, Nevis has a portfolio of companies including DTGen, James Ramsay, Astec Precision and Merkland Tank.
Law firm Macdonald Henderson advised the shareholders during the deal.
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