Management buyout at Avocet

摘要

The management at Brighouse-based Avocet Hardware Ltd, a manufacturer and distributor of locks, handles and DIY hardware, has bought the company from its owners. The management team, led by finance director Ian Jones and sales and marketing director Michael Tuck, acquired the company for an undisclosed sum from US-based MASCO Corporation, which owns several other UK and European-based companies in the home improvement and new home construction field.