The business specialises in the design and manufacture of hydraulic and pneumatic stainless steel directional control valves and accessories for hazardous, corrosive and subsea environments.
In April 2012, LDC completed the investment into a tertiary management buyout of Bifold Group. The Bifold management team, retained the majority of stake in the business.
The decision to bring a new investor on board was driven by the management team’s desire to identify a new partner to support its future growth. The management team selected LDC as their chosen partner.
In April 2013, Bifold won the 'Mid-Market Management Team of the Year' award at the regional BVCA Management Team awards in the North West.
In 2014, Bifold moved into new ‘state-of-the-art’ 30,000 sq ft manufacturing facilities in Oldham, Greater Manchester, to increase capacity and its technical capabilities. It also completed the acquisition of Orange Instruments, which offers the business access to a range of specialist control system products. For the financial year ending 31 August 2014, Bifold recorded revenues of £41m.
In August 2015 LDC exited its investment in Bifold Group to Rotork plc (MAIN: ROR. Rotork plc is a FTSE 250 company and is the market leading actuator manufacturer and flow control company. The business, which recorded revenues approaching £600m for its last financial period, has made a number of international acquisitions in recent years.
Through our partnership with LDC, we have built a business that can compete globally with the best in the market. We now look forward to a new era for Bifold, as part of Rotork, as we strive to further push the boundaries of British engineering in the oil and gas sector.Gary Jacobson, CEO of Bifold