Moody Direct and Moody Automation Management Buyouts

Moody Direct Ltd and Moody Automation Ltd undergo management buyouts from the Moody Group of Companies

For 40 years the Moody Group of Companies has been a leading supplier of process and packaging solutions to the dairy, food, beverage, brewery, ice cream, chemical and pharmaceutical industries. Founded by Paul Moody in 1975, the Retford-based group serves a large customer base in the UK, Ireland and around the world.

Moody Direct Ltd

Created as part of the Moody Group in 1996 by former Financial Director Paul Gregory, Moody Direct Ltd is a leading supplier of process spare parts, maintenance, equipment and project engineering services. The company incorporates Moody Direct Spares and Service, Moody Heat Exchangers, Moody Projects, Daken Stainless Products and Alfred & Company.

The management buyout of Moody Direct Ltd has been led by David Tomlinson and Ken Wild, with Paul Moody being retained as Non-Executive Chairman. Paul Gregory has been retained as a Non-Executive Director and Malcolm Wilkinson has been retained as a consultant.

Possessing an engineering background and following nine years working for APV, Ken Wild founded Daken Stainless Products in 1998 and joined forces with Moody Direct in 2007. As a qualified accountant David Tomlinson joined the Moody Group in 1998 and has been Finance Director for over twelve years.

Both Ken and David are excited for the future. Ken said, “The Moody name holds a fantastic reputation in the market place and Moody Direct has a great team of people with an amazing breadth of knowledge and experience. David, myself and all of the Moody Direct team are excited to explore the many opportunities which lie ahead and look forward to growing and developing the business over the coming years.”

Despite becoming an independent company from other parts of the Moody Group, following the management buyout, Moody Direct Ltd will retain the Moody name and continue to operate from its main base in Retford, with additional offices in Derbyshire and a service centre in Gloucestershire.

Summary

In summary, Paul Moody said, “Over the last forty years, the Moody Group of companies has grown, developed, diversified and become a leading force in the industries we serve. I am very proud of the Moody Group and I have been fortunate to have been surrounded by great people, without whom none of what we have achieved would have been possible. I would like to thank our loyal customer base and wish both Moody Direct and Moody Automation every success for the future. I look forward to continuing to work with David and Ken in my role within Moody Direct.”

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