Following increasing demand for our waste management products and services from around the world, leading to predictions of ambitious growth in the next 12 months, we are delighted to announce the completion of a management buy out by Chiltern Capital.
Chiltern has taken a majority stake in the company and will play an active role in supporting our management team to continue building on Inciner8's successful growth track record and reputation as a leading supplier of incinerators globally.
This move will see us grow our business through new product lines and continued innovation, which will enable us to achieve our long-term goal of exporting products to all 195 countries around the world. Beyond this, we will be empowered to achieve even more ambitious milestones, and will continue to reinvest profits back into our people, our products and local economy, just as we always have.
The completion of this process subsequently leads to the exit of out chairman, Vince Ferguson, who founded the business in 2003 and sees private equity chairman, Duncan Cooper, join our board.
Our unprecedented growth means we will be making key hires across multiple divisions, including within our engineering, technical, sales and marketing teams to help us capitalise on the increasing demand and diversification of our globally-orientated market.
Now is an extremely exciting time to be part of Inciner8, and we are pleased to be working in partnership with Chiltern Capital to achieve all of our aspirations and more.