Autac undergoes MBI

Autac undergoes MBI

Macclesfield-based Autac Products Ltd has undergone a Management Buy In (MBI) after being sold to its former finance manager for an undisclosed sum.

Sallie Lowe, who has worked for the firm for over 30 years, has acquired the business alongside her husband David, following the retirement of the firm’s previous owners. 

The duo intend to continue to run the business in line with current operations, whilst also focussing on driving growth and expansion.

Sallie Lowe, the new owner of Autac Products, said: “I am pleased that our acquisition has been successful. 

“I have worked for Autac Products for over 30 years and am proud that I have been involved in shaping it into the company it is today. 

“To own it is a dream come true and whilst it is very much business as usual, we are looking forward to focussing on new opportunities for growth.”

Originally established in 1964, Autac Products is a UK designer and manufacturer of high quality electrical cables, coils, plugs and retractable coiled cable assemblies.

The company supplies businesses throughout the world in the electrical and commercial vehicle, aviation, defence, communication, agricultural, marine, oil, chemical and medical distribution industries.

The MBI has been supported with funding from Royal Bank of Scotland.