Anglia ceo signs acquisition agreement
1 min read
Steve Rawlins, ceo of electronics distributor, Anglia Components, pictured, has signed an acquisition agreement with the company's president and majority shareholder, Bill Ingram. The deal will give Rawlins full rights to buy all Anglia's shares not currently owned by him.
The transfer is being arranged without the use of external funding.
Ingram established the company in 1972 and was ceo until 2006, when Rawlins replaced him, with Ingram remaining as president.
Ingram said: "Since Steve Rawlins took over as ceo in 2006, Anglia has strengthened its position as the largest privately owned electronic component distributor in the UK. Steve and his team have increased the business by 40% over the last five years, posting consistent strong year on year growth despite the ups and downs of the market. They are to be congratulated on this outstanding achievement. I believe the company will continue go from strength to strength under Steve's ownership."
Rawlins added, "I am excited about Anglia's prospects in the current market and delighted to have the opportunity to acquire the business. We will continue to evolve and develop as the market and our customers' needs change, but at the heart of the business is a superb and motivated team, who support an outstanding customer base in the UK and Ireland. Anglia has always been a great place to work and a great company to deal with, and that is something that won't change."
