Allied Glass has completed a £75m management buyout with the backing of Barclays Private Equity that acquires a majority stake in the firm. Barclays has invested £29.5m for its stake in the firm that employs around 600 people across two sites in Leeds & Knottingley & generated a £78m turnover in the last financial year. Alan Henderson takes up the reins as MD in what is the second MBO at Allied in the past decade. Henderson said the Barclays investment would help build on the firm's customer base and develop the design offering. "It will also facilitate further advancement in flexible production techniques and allow us to build additional production capacity as demand increases," he said. Allied's most recent investment is in its Knottingley plant to produce very clear glass for high-value, prestige products.
