LDL management buyout complete
The management buyout of LDL Components Ltd led by former director Simon Ogden is now complete. This follows the company’s announcement last Autumn that it intended to centralise its business operation at its Northern premises in Hadfield, near Glossop in Derbyshire.
The company was formed in 2010 when Bath-based business, Lord Distribution Limited and OML Limited, located in Hadfield, merged. Although there was natural synergy between the two companies and the resulting business has grown dramatically, there remained the challenge of working from two sites 170 miles apart. Now all functions have moved to Hadfield, previously the LDL distribution centre, and the Bath office has closed.
Simon Ogden, managing director, comments “We have been able to double the size of our new headquarters with new office suites to accommodate those departments previously located at our Bath office. With a strong management team now in place, we are investing heavily in the future and will unveil exciting new developments shortly. LDL already has a tremendous reputation for service and innovation and we intend to build on that. Having everything under one roof can only benefit both the company and its many customers.”