Surrey, UK-based Amazon Filters engaged BGF as an outside investor and minority shareholder in 2018, paving the way for a continued period of growth.
The buy-back means that the family-owned filter firm, founded in 1985, regains full control of its shares once again as a series of expansion plans take shape.
Manufacturing and delivery capability are set to be strengthened from September 2022 with the lease of a 7,000 sq ft warehouse and office on the Albany Park Estate in Camberley where Amazon Filters’ main production centre is located. The company will now have seven industrial units in a row at the business park.
The share buy-back and the lease on the new premises have been supported with a funding package from HSBC UK which ensures ongoing working capital.
“On the buy-back and following a period of growth and expansion, both we and BGF felt the time was right to make this move,” said Neil Pizzey, managing director of Amazon Filters. “We have enjoyed a fantastic relationship with BGF, and reached a point now where we are far more self-sufficient than we were in the past. We believe this transaction allows us to continue with our growth plans while securing the long-term future of the business.”
“Our new building allows us to relocate existing warehousing and create new production halls to underpin and increase our ‘quick and able’ manufacturing capacity and delivery capability. The new production halls will receive significant investment in state-of-the-art production line equipment for the manufacture of our pleated filters,” added Pizzey.
As a result, Amazon Filters expects to double its production capacity for pleated filters and support its reach into markets beyond the UK and Europe. The company has recently appointed in-region business development managers for the Asia-Pacific territory and the Americas.
“Strengthening our production capacity and capability will help our growth plans in both these territories,” said Pizzey.
