Managers buy-out Moles Seeds
Moles Seeds, the wholesale supplier of commercial ornamental and vegetable seeds, has been bought by three of its managers.
The directors agreed to buy the 20-staff business from owner Michael Moles, who is retiring but will retain the company’s land in Colchester, Essex.
One of the buyers, marketing director Stuart Donders, said the company may take on more staff and expand into new areas. He refused to give further details.
“The firm is about 50-years-old and it will be pretty much business as usual,” he said. “The move allows the company to remain UK-owned and independent.”
The management buy-out team also included managing director Robert Aldsworth and sales director Jim Reid.
Moles Seeds boasts a purpose-built seed warehouse with temperature and humidity controls, and has a strong history of trials.
The company sells annual and perennial seeds, wildflowers, grasses, fruit and vegetables — both conventional and organic — in the UK and overseas.
“In order for Mr Moles to retire from the business but keep its continuity and independence, he sold it to the existing management team,” said Donders.
“The company is called Moles Seeds (UK) and we look forward to progressing with the business.”
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