Lesmahagow-based fleet vehicle graphics firm OPG has completed a multi-million management buy-out (MBO).
The deal was backed by a six-figure funding package from UKSE, alongside input from private investors.
Allan Hamilton has been appointed as managing director, taking the reins from Owen Pilling, who formed the company in 1995, along with his wife Janet. Over the years, the business has grown to become the second largest employer within the community.
OPG designs and produces graphic wraps for vehicles, working with hundreds of household names across industries including food and drink, retail, corporate, logistics, construction, transport and the public sector. Brands include McDonalds, Greggs, Sports Direct, Hovis and NatWest.
Hamilton is already a familiar face within the business, having started his career at alongside Pilling as an apprentice, aged 16. After going on to pursue a successful career within the wider industry, he returns to manage the team, alongside Stuart Ritchie and Tristan Harrold as commercial and financial director, and operations and technical director, respectively.
OPG currently has 20 members of staff in management, design, production, administration and field operation roles. As part of the firm’s five-year business strategy, several new roles are expected to be created as it enhances its brand services.
Hamilton said: “OPG has a fantastic reputation within the industry and local community alike, and I am proud to return after Owen gave me my first break some years ago.
“We already have a great team at OPG, with many of our workforce having enjoyed careers with us for more than 15 years.
“The funding boost from UKSE has given us financial confidence that we can continue to build on this solid foundation and grow our business, helping to strengthen the Lanarkshire economy and attract a skilled workforce.”
Terry Quinn, regional executive at UKSE, said: “The new management team’s local roots combined with stellar industry experience will stand OPG in good stead for a positive and successful future.”
UKSE was originally established in 1975 and is a subsidiary of Tata Steel.
It focuses on supporting businesses and communities that have been affected by changes in the steel industry, offering a range of financial services, from small loans to big investments.
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