All shares in Ampco Flashlight Holding Ltd have been taken over by a new group of investors, consisting of members of the current Ampco Flashlight Holding management team and a number of managing directors of the 13 separate commercial units within the group. Ampco Pro Rent director Fred Heuves commented: "Rumours about this transaction have been circulating in many varieties lately, so we are very pleased to be able to make this official announcement to the world. The group is in an excellent financial position and with this take-over it is now under the full control of the people whose daily business it is to run the group’s companies. The fact that we have bought the company is testament to our faith in its future and to the expertise and commitment of all the investors and of the group’s employees."
Eric De Bruyn, who founded the Ampco Group in 1979 and also became CEO of Flashlight in January 2002, told us: "Our strong and experienced management team are now the owners, and we see a great future. With such a wide range of sales and rental products and services in virtually all sectors of both the audio and lighting markets, the group is very strong."
(Lee Baldock)
