A Merseyside PPE manufacturer is targeting international sales after completing a seven figure management buy out.
St Helens headquartered Core Protection Systems (Corpro) finalised the deal after securing a finance package including a Coronavirus Business Interruption Loan (CBILS), arranged by PMD Business Finance in partnership with Zone Commercial Finance.
Corpro produce advanced and innovative respiratory mask and filter systems.
Over the past three years, Corpro has evolved from an initial concept through to a successful production business and will now be under the full ownership and management of Phil Scott, June Scott and their dedicated team.
Phil Scott, Corpro Director, said: “The current COVID-19 crisis has shown us how much demand exists for high quality respiratory protection products and we look forward to expanding our distribution network still further.”
He continued: “As a result of the transaction, we at Core Protection Systems can now effectively strategize the business moving forward.
“Our main objectives are to increase our international sales by targeting key regional distributors globally, and to develop our product range further to become a key, high quality and comprehensive supplier of respiratory protective equipment both in the UK and beyond.”
The transaction was completed by PMD’s Structured Finance Solutions division, which specialises in supporting both clients and advisors to source funding for a variety of transactional or event driven situations.
