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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

MBO for Black Country oil firms

MBO Oil Richard Parry Mark Hayes Black Country

A brace of Black Country oil manufacturers have been acquired in a management buyout. Halesowen-based Midland Oil and Wolverhampton outfit Rods Oils have been bought by Richard Parry and Mark Hayes.

The deal has been supported by a £3.4 million invoice discounting facility and property loan from Cynergy Business Finance.

Midland Oil is a specialist high-performance lubricant manufacturer that produces a range of products covering multiple uses including industrial, metalwork and automotive lubricants.

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