Brothers Stephen and Dan Illingworth have just completed an MBO to acquire Widdop and Co. outright.
“It will secure the future of the company for a fifth generation of our family,” stated Stephen Illingworth, the company’s new owner and ceo.
“Dan and I are thrilled to take over after what has been a lifelong dream and journey. Our predecessors have built the most incredible platform for us to build on,” Stephen told sister title, GiftsandHome.net, “and it is an honour and privilege to take the helm in our 140th year for what will be an exciting new chapter of growth and innovation in our industry.”
He continued: “We are very grateful to our father in particular for supporting us on this journey, and we cannot wait to share with the world our vision for the future.”
Top: Widdop’s new owners Stephen Illingworth (left) and Dan Illingworth are shown with Adam Attwood, who has worked in a non-executive and consulting capacity for 17 years, and now joins as part time board chairman going forward.
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