CMG have a broad spread of brands and a comprehensive range of quality products. It brings together the immense expertise of market leading brands such as Adaptaflex, Elkay and Kopex along with specialised brands Harnessflex and Pro Teq.
LDC invested in CMG in 2007 to help drive CMG’s growth strategy.
LDC worked in partnership with the management team with extensive sector knowledge and operational expertise to implement a strategic plan focused on product innovation, operational improvement, as well as driving international expansion in the US, Europe, Australia and fast emerging economies in the Middle East, South America and Asia.
CMG consistently outperformed despite challenging economic environment and achieved substantial organic sales and profit growth since the original investment.
CMG consolidated its UK market position and leveraged its brands across new industry sectors and successfully expanded its presence in the US and employee numbers increased to 200.
In 2010, LDC exited the business in a US$110million transatlantic deal with NYSE quoted Thomas & Betts Corporation (NYSE:TNB), the deal provided LDC with an excellent return and was widely considered to be one of the most successful mid-market exits in 2010.
The support and strategic input that we have received from LDC over the last three years has been invaluable. We established a close working relationship with the Midlands’ team at the time of the MBO and the business has benefitted significantly from their help in delivering our strategic objectives.Chief Executive, CMG