Fulling Mill taken over by entrepreneur
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One of Europe’s best-known manufacturers of fly fishing equipment, Fulling Mill, has been taken over by a Scottish entrepreneur.
Fly fishing enthusiast and businessman, Alister Jack, has bought the shares of owner Barry Unwin, who has retired from the business. Unwin will, however, be available to help the company on a consultancy basis. He said: “I have seen too many people in this industry hang on into their dotage – in many cases taking the business down with them. This is not going to happen at Fulling Mill, the brand that I started and love and which I shall enjoy watching grow in the coming years.”
No changes are planned in the day-to-day running of the company with Managing Director, Will Landale, and Finance Director, Ray Hickey, remaining involved and retaining a material interest in the business.
The change comes on the back of Fulling Mill registering its most successful year in 2012 and Landale added: “Barry has built the company into one of the great success stories in the fishing tackle industry. His decision to pass the baton to Alister Jack is another masterstroke of timing and good business sense. All of us are looking forward to the next phase in the evolution of the company with keen anticipation. We have ambitious plans and are excited about the future backed by a successful, energetic and fishing-mad entrepreneur.”
New Fulling Mill Chairman, Jack, said: “I have loved fishing all my life and when I learnt of the opportunity to invest in Fulling Mill, I jumped at the chance. It is an undisputed leader in its field. It is run by a great team, has wonderful, loyal customers, long-standing and supportive suppliers and tangible growth prospects in the medium term.”
Jack has set up Atlantic Solway Holdings Ltd, an investment company, to hold the Fulling Mill investment and to provide equity funding in support of the Company’s future growth..