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MBO saves BDC brand

Published: 30 January 2009
A management buy-out (MBO) by three of BDC's senior management team, has meant the north-London based distribution brand will continue.
MBO saves BDC brand
Jeff Moody, Ray Taylor and Steve Gallagher put together a business plan and organised a financial package that satisfied both new venture capital investors and the administrators of the old business, enabling BDC 2008, as the new business is titled although trading as BDC, to recommence trading.

The deal includes BDC's well-known brands Micromark, Powerlectrik and Coolzone.

BDC 2008 managing director Jeff Moody commented, "We are delighted by this MBO which enables us to continue to bring the core brand values and benefits of the old BDC to customers and suppliers while providing them with the financial strength and vitality of the new, leaner and more robust operation we have today."

The new BDC will operate out of six centres around the M25 area with national distribution being serviced from the company's 7.5 acre warehouse HQ in London.

Comments

Published prior to March 2014
By Keith Miles
Still waiting for my 4,500.00 expences used to buy materials to fit out BDC showrooms and presentations.
Published prior to March 2014
By Brenda Keech
As a former employer of 10yrs I was very sad to hear what had happened to BDC. I would like to wish Jeff,Ray,and Steve all the very best with the new conpany. xx
Published prior to March 2014
By John Shaw
Thank You Jeff Moody.... for what?
Honest companies require honest managers, need I say more...
Same old BDC..Poor stocks..Poor returns policy..Poor attitudes.
Will not get my support as there are other sources of supply who do actually work for my business.
Published prior to March 2014
By keith stringer
Lets hope the new company,s management is going to listen to customers
Published prior to March 2014
By Simone Rohas
Fantastic news. Great company, great people, always refreshingly honest. Already buying from them - and for a "new" company I have to say, doing really really well. Thank you Jeff Moody. x

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