Vectair Systems Welcomes U.S. Investment
Vectair Systems, a manufacturer and supplier of aircare and hygiene products, has welcomed a consortium of U.S. investors to add to its existing shareholders, after the exit of Mobeus, a United Kingdom-based investment firm.
Since 2007 Vectair Systems has rapidly grown its Memphis-based U.S. business and its percentage of the market share. The potential for further growth in Northern America has attracted US-based investment.
The investors are a consortium of North American investment funds led by Arcspring and Oxbow Industries. Paul Wonnacott is continuing in his role of cxecutive chairman, with Peter Lipke recruited as the new global CEO.
“The departure of Mobeus was the perfect opportunity for a new consortium of U.S. investors to take not only Mobeus’ share, but increase their investment alongside existing management – further backing their confidence in Vectair Systems," said Wonnacott in a press release regarding the consortium
“I’ve spent my entire professional career in the commercial and hospitality space. Vectair’s core principles of innovation, customer experience and high-quality product design are a great platform to expand our commitment to solving challenges in commercial industries," said Lipke in the press release. "The aircare and hospitality sectors in particular offer opportunities for an increased focus on technological innovation. It’s an exciting time for both myself and Vectair.”
With U.S. and U.K. headquarters and manufacturing facilities around the world, Vectair Systems supplies over 100 countries. The company counts several blue-chip facilities management and hygiene companies amongst its clients.
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