Interior Door Systems (IDS) the Warrington-based specialists in sliding door technology, has announced the successful completion of its management buyout (MBO).
Following a companywide review of the IDS operation, Managing Director, Sam Russell, and Commercial Director Steve Healy, head the new management structure.
IDS is at its heart a family owned and run business, founded in 1996. Andy Russell, founder and outgoing Managing Director has been at the helm throughout its 28-year history and has presided over the company’s growth and development. IDS is now one of the UK’s leading sliding door manufacturers, supplying builders, merchants, retailers, developers and installers. The company is renowned for its meticulous attention to detail with an ethos which runs through the company, quality is not just a promise but a standard. Andy will step down from day-to-day management to become Chairman of IDS.
The MBO management team, supported by its experienced operations team will be exploring new opportunities and markets and forging strategic partnerships with like-minded companies in the sector.
Andy Russell says: “I am extremely proud to have been able to create the successful heritage which is now Interior Door Systems. The last 28 years have included some business challenges, including the banking crisis and, of course, Covid. Despite these trading difficulties, IDS has grown – seeing challenges as opportunities.
“Now, we are ready for the next stage in our growth, and I recognise the enormous potential that Sam and Steve’s vision presents for the future of the business. As a result, I’m delighted to support the management buyout, and I look forward to seeing the business take advantage of the exciting growth opportunities. Needless to say, I am pleased the family legacy of IDS will remain with my son, Sam, who is now taking the mantle from me.”
Sam Russell comments: “As part of the family, I have been privileged to see the progress of IDS over the years, and I have always been and will continue to be proud to be a part of the company and its development. Moving forward I am delighted to be working with Steve and our experienced operations team. We are committed to an exciting growth strategy, and together, we are confident that we can deliver against expectations and support the continued aspirations of our team, customers, and business partners.”
Source: https://www.bigfurnituregroup.com/interior-door-systems-announce-mbo/