On Friday 17^th July, a Management Buy Out of the Amerang Group was completed, led by David Mordecai, CEO, and backed by our bankers RBS and financed by LDC, the private equity arm of Lloyds Banking Group.

In a statement to Amerang customers David, who has been with the Amerang Group for 20 years, as both Finance Director for the Group and Managing Director of Modelzone, said, “The completion of this MBO, and the investment in the business, will help us to develop and grow the group, and I am truly excited to be bringing you this news.

This is a new beginning for Amerang and we will be working hard to maintain our position as the leading independent distributor of model and hobby brands in the UK.  We will also be looking to add new and exciting products to our range and continue to provide the level of service that all Amerang customers expect.”

Graham Hales remains as the Managing Director of Amerang, while Robert Hales assumes the role of Product Director.  Drew Sandham, who joined Amerang towards the end of 2008 as Collectibles Sales Director, becomes Sales Director for Amerang.

For more information please contact your sales representative or agent or any of your usual contacts at our Head Office in Lancing.