Automotive parts manufacturer Interflex has announced the successful completion of a management buyout 18 months after the appointment of new managing director Jim Griffin.
The management buyout is part of an ongoing expansion plan that has seen the company introduce new products as well as investing in new equipment and diversifying into other areas of manufacturing such as face masks.
MD Jim Griffin, who has over three decades of experience in the automotive industry, will now be taking the lead in the business. Interflex founder Pete Ryder will also remain involved by supporting the team as required through his position as Chairman of the Group.
“Having run the business for almost two decades, I felt it was the right time to hand over the reins to a dynamic new team who will take the business forward into the next 20 years,” commented Pete. “I will be on hand to offer help and advice as needed but I have every confidence that Interflex will go from strength to strength under Jim’s leadership.”
As the former CEO of manufacturer the Autins Group, Jim has a successful track record in expanding operations into new markets and locations. Following a management buyout at Autins in 2006, Jim oversaw the opening of sites in Sweden, Germany and India as well as leading the company through a profitable flotation on the stock market.
During his time at Autins, Jim was shortlisted for the Guardian Small Business Leader of the Year award, won the EEF Manufacturing Champion for the Midlands award and was made a Visiting Industrial Fellow by Aston Business School in recognition of his contribution in the areas of business growth and entrepreneurship.
Jim commented: “I will be working closely with other members of our experienced management team, including our finance director Mark Cardnell and operations director Gary Brooker to continue developing the business, bringing some exciting plans for growth to fruition.
“In addition to maintaining the current product lines of automotive trim and acoustic insulation, Interflex are developing other new NVH products to meet the demanding requirements of the rapidly expanding electric vehicle sector. We are also preparing to move into new markets including rail and off road vehicles.”
Interflex are introducing new processes at their Nottinghamshire facility during the coming months, including vacuum forming and compression moulding. Working with their existing supplier base and production partners, the company will also be offering a wider range of NVH parts, including headliners, engine bay mouldings, foam mouldings and EPDM heavy layer vacuum formings. The new products will start launching this summer.
In May 2021 Interflex was awarded a £250,000 grant from the Department for Business Energy and Industrial strategy as part of the NMCL Automotive Programme. The award will fund 50% of a half a million pound project to bring in external experts to coach and mentor the Interflex team as part of the strategy for growth.
To find out more about Interflex’s NVH solutions for the automotive industry, please call us on 01949 861491 or email sales@interflex2000.com.
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