Tenza Technologies completes MBO

Co-Spec, a company owned jointly by Phil Meadows, Penny Thorne and Tri-Q Group, has purchased the entire share capital of Tenza Technologies and Advanced Coated Products from parent company Tri-Q Group in the MBO.

Despite the change, Tenza Technologies said it is “business as usual” as Co-Spec has developed a business strategy that “offers an exciting future for the businesses, a continued reliable source of quality products to their valued customers and a significant customer to their loyal supplier base”.

Meadows and Thorne, who already fulfill the roles of managing director and finance director at both Tenza Technologies and Advanced Coated Products, have been appointed directors of both companies.

Shaun Ede, head of compliance, quality, and health and safety, is also appointed a director of both companies.

Alan Lomas, commercial manager at Tenza Technologies, said: ‘The change of ownership to Co-Spec is incredibly positive for Tenza and Advanced Coated Products.

‘Phil has been involved with both for nearly 30 years, so to have that degree of experience at director level is a massive attribute for both companies.’