Former owner, Fergus Hardie, remains as a shareholder and director but will take a step back from day-to-day operations. He will continue to use his industry knowledge and experience to support the team over the next few years.
This deal ensures a seamless transition of control and represents an exciting opportunity for management to continue to grow the business with the backing of Nevis Capital.
Hardie Polymers was originally established in 1924 and is an independent distributor of engineering polymers in the UK. It supplies plastic raw materials to key manufacturing industries across the UK for the automotive, aerospace, medical and defence sectors.
Isy Ferguson steps up to managing director, with Fergus Hardie becoming chairman. Isy said: “I’m delighted to become a significant shareholder in Hardies and take the step up to MD. It is a business that I feel passionately about having worked for the company for over 25 years. We pride ourselves on delivering for our customers and this deal will allow us to increase our stockholding and expand our team to continue to meet our customers’ requirements.”
Fergus Hardie said: “This is an exciting time for the business. I am delighted to transfer ownership to the team who have supported me in growing the business over the last 20 years. I look forward to taking a step back but continuing to support on this next phase of growth for the business”.
