Management Buy In at Channel Safety Systems Ltd
08 February 2011
Peter Mazalon, the former UK Vice President for Havells Sylvania UK and his team, together with award winning private equity house, Foresight Grouphave completed the purchase of Channel Safety Systems Ltd.
The new management team of Peter Mazalon as Managing Director is joined by David Anderson as Commercial Director (formerly Managing Director Targetti Poulsen UK Limited) and Barrie Channon as Finance Director (formerly MIS Director Havells Sylvania Europe).
"We are delighted to be part of this exciting opportunity to acquire the Channel organisation. Channel Safety Systems is a thriving, versatile business with a knowledgeable and highly experienced team. We have a long term commitment to growth through customer expansion, product and service innovation in order to secure and maintain Channel as a leading manufacturer and supplier of fire alarms, emergency lighting, as well as maintenance and commissioning services to the trade." explained Peter Mazalon.