Product category:
Memory Devices and Modules
News Release from: Memory Plus
Edited by the Electronicstalk Editorial
Team on 13 March 2001
Memory Plus goes it alone after
"friendly" MBO
Memory Plus, the Swindon (UK) based independent provider of upgrade solutions, has been acquired by the existing management team from its parent company Torridon plc.
Memory Plus, the Swindon (UK) based independent provider of upgrade solutions, has been acquired by the existing management team from its parent company Torridon plc The team, led by Jon Blows, have acquired the business for a consideration of GBP 0.8 million in cash, in a "friendly" management buyout
This article was originally published on Electronicstalk on 22 Mar 2001 at 8.00am (UK)
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Origin aims for OEM memories
Memory Plus has launched the Origin memory brand, which encompasses all memory solutions that are not sold for a specific target application and are supplied in OEM volumes.
The transaction has been underwritten by Euro Sales Finance (ESF) plc, the leading independent European provider of sales finance solutions to growth-led multinational enterprises.
The business will remain focused on the core competency of upgrade solutions with complimentary products being added over the coming months.
Jon Blows, Managing Director said "This is the culmination of five months work for the management team and heralds a very exciting time for the customers and staff of Memory Plus.
We recognise the contribution that Torridon has made to growth of our business and wish them well in pursuit of their new business model".
Russell Warner, Southern Managing Director, ESF plc, said: "I have known Jon Blows for some time and have been very impressed with his drive and enthusiasm.
We are delighted to have been given the opportunity to support both him and Memory Plus with this exciting new venture".
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