In early July, the Cornwall, England-based mixer manufacturer announced a £9 million management buyout, with lead investment coming from 3I, a European venture capital company. This announcement marks the end of Allen & Heath's 10-year run as a division of Harman International Industries Inc. (Allen & Heath was acquired by Harman International in 1991.)
Allen & Heath's new board will consist of the four current directors (managing director Glenn Rogers, sales and marketing director Bob Goleniowski, finance director David Jones and operations director Tony Williams), plus two non-executive directors from the company's investment partners.
“We have become very successful in the 10 years that we have been with Harman International, but the time has now come to pursue our own independent goals,” said Rogers.
The company will remain at its recently expanded factory in Penryn, Cornwall, and will retain all of its current employees. For more, visit www.allen-heath.com.