HURST has advised on a management buyout of engineering company Statiflo International, a long-standing client of our firm.

Directors Paul Davies, Paul Buck and Carl Wilkinson have acquired a majority stake for an undisclosed sum.

The trio have bought the business from the family of owner and managing director Gareth Fry, who passed away last year following a short illness. Gareth’s widow Jenny retains a minority stake in the company.