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Steve Rawlins and Bill Ingram sign Anglia acquisition agreement
Wisbech, UK, 26 September 2011 – Anglia Components Ltd, the leading privately owned electronic component distributor in the UK and Ireland, today announced that Steve Rawlins, CEO has signed an acquisition agreement with Bill Ingram, the President and majority shareholder, giving him full rights to buy all the Company’s shares not presently in his hands. The transfer of ownership is being arranged without the use of external funding.
Commenting, Bill Ingram said, “Since Steve Rawlins took over as CEO in 2006, Anglia has strengthened its position as the largest privately owned electronic component distributor in the UK. Steve and his team have increased the business by 40% over the last five years, posting consistent strong year on year growth despite the ups and downs of the market. They are to be congratulated on this outstanding achievement. I believe the company will continue go from strength to strength under Steve’s ownership.”
Steve Rawlins added, “I am excited about Anglia’s prospects in the current market, and delighted to have the opportunity to acquire the business. We will continue to evolve and develop as the market and our customers’ needs change, but at the heart of the business is a superb and motivated team, who support an outstanding customer base in the UK and Ireland. Anglia has always been a great place to work and a great company to deal with, and that is something that won’t change.”
Bill Ingram set up Anglia as a broadline distributor for electronic components in 1972, and was the company’s CEO until 2006. He then handed over the day to day management of the company to Steve Rawlins, staying on as President.
Steve Rawlins joined the field sales team at Anglia in 1976 and was promoted to Sales Director in 1984. As the company continued its expansion into the industrial segment of the electronics industry, he was made Managing Director in 1997, Group Managing Director in 2003 and Chief Executive Officer in 2006.
About Anglia
Anglia is the UK’s leading independent authorised distributor of semiconductors, optoelectronics, interconnect, and passive and electromechanical components. The company is a signatory of the ADS SC21 programme and holds AS9120, ISO9001, ISO14001 accreditations and IECQ-CECC qualification. Anglia’s exceptional technical support spans a fast sampling service, telephone advice from product specialists, on-site visits from field applications engineers and, ultimately, electronics design. An in-house team of designers adds expert resources to customers' design teams, helps reduce final product costs and accelerates development times. Anglia stocks over 700 million components from 500,000 product lines in the UK, and streamlines its customer’s logistics and reduces costs through KAN-BAN, EDI, and customer-dedicated inventory.
For further details please contact:
Michelene Hircock at Anglia, Sandall Road, Wisbech, PE13 2PS, UK.
Phone: +44 (0)1945 47 47 47; Web: www.anglia.com; Email: mh@anglia.com
Press Release by
Neesham PR
Peter van der Sluijs
peterv@neesham.co.uk
+44 (0) 1296 628180
This news article was originally published in July 2011.