Pictured above: (l-r) Mohan Jassi and Dennis Kent

Leicester-based sheet metal engineer Carlton Laser Services is pressing ahead with its ambitious expansion plans with a timely management buy-out, for an undisclosed sum.

The deal was led by part-owner and operations director Mohan Jassi, who has been with the business for 15 years. He bought out Carlton's majority-owner and managing director Dennis Kent. It highlights the company's ambitious expansion plans, which closely follow a £1.4 million investment in new plant and machinery made during the past two years.

Roy Botterill, head of corporate at Midlands' law firm Harvey Ingram, oversaw the MBO. He says: "Carlton Laser clearly dispels the myth that manufacturing no longer exists in the UK. It's an extremely efficient, competitive and well-run business that will continue to be at the forefront of its industry. It also typifies the sort of company that will help lead the country out of recession. We're delighted to have delivered this deal on behalf of Carlton Laser and be a part of its on-going success story."   

Mike Ball and Keith Richards at RSM Tenon's Leicester office also advised on the MBO.

For more information about Harvey Ingram, please visit their website here: www.harveyingram.com