05 Apr 2023
Lakeland Laboratories has completed a Management Buyout and appointed a new Board of Directors, as we celebrate our 60th anniversary.
Facilitating the exit and retirement of three major shareholders, the MBO marks the start of an exciting step forward for our business.
The new Board is led by existing shareholder and Managing Director Paul McCormack, who is joined by Eric Seddon (Finance Director), Cath Buckley (Sales Director), Sarah Oliver (Technical Director) and Jamie Clark (Engineering Director). Former shareholder John Thomson stays on as Production Director.
Lakeland Laboratories has grown successfully over 60 years, distributing speciality chemicals both within the UK and globally in over 27 countries. The MBO gives our new Board the opportunity and resource to expand Lakeland’s international export business, and to grow our talent and services at our base in Greater Manchester.
We recognise that this is a significant change for any business. Our new Board is wholly committed to continuing to work closely, and build strong relationships, with our customers, distributors and suppliers as we take Lakeland forward into a new era.
Thank you to our team, and to all who work with Lakeland, for your support!
“The new Board thanks Lakeland’s previous Directors for their dedication over the past years, and for completing this MBO which enables us to secure our position in the marketplace and provide job security and new opportunities for our talented team.
This exciting new era for Lakeland, starting as the company celebrates its 60th anniversary, allows us to drive Lakeland forward with new ideas which are backed by our Board’s significant experience in the chemicals industry.
Lakeland has always held customer care and quality as our top priorities, and this remains the case throughout this important business change. We’re looking forward to growing Lakeland, to working closely with our customers, distributors and suppliers, and continuing our contribution to Greater Manchester’s manufacturing and export success.”
Lakeland’s new Board was advised by the Hill Dickinson Liverpool Corporate team, and accountants Leavitt Warmsley Associates Ltd.
Our new Lakeland Laboratories Board (L-R): Jamie Clark, Sarah Oliver, Paul McCormack, Cath Buckley, Eric Seddon
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