Talk of management buyout at Deltron

Talk of management buyout at Deltron
Richard Wilson
Deltron Electronics is at the centre of a management buy-out plan being drawn up by company chief executive Chris Sawyer.
Venture capitalists have been identified to fund the deal which could be concluded next month. “There will be no redundancies, no break-up. The managers involved want to grow the business,” said a spokesman for Deltron, the electronic component manufacturer and distributor.
Sawyer and company finance director Edward Tozer, the two managers behind the buy-out, took the company public in 1996 in a flotation intended to trigger an international expansion of the group. Acquisitions in France, Denmark and Sweden initially pleased investors. Sawyer believes further expansion has been hindered by persistent undervaluing of Deltron’s shares.

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