Armcon becomes an employee-owned business
British volumetric concrete mixer manufacturer announces new employee ownership trust
ARMCON Ltd, British designers, manufacturers and suppliers of volumetric concrete mixers, have today (1 February) transitioned to become an employee-owned business, run through an employee ownership trust (EOT).
Founded by Robert Armstrong in 1992, Armcon’s decision to transition to an employee-owned business was taken following a long legal case with the company’s American supplier, which resulted in the US court ruling in Armcon’s favour.
Mr Armstrong commented: ‘With the court decision going our way and Armcon now an independent supplier of British-made volumetric mixers, I was keen to protect the company’s legacy and propel it into a new, independent era where international markets could be explored.
‘I have no doubts that with new managing director Sean Warburton and the experienced team in place, the future is very bright for the Armcon business.’
Commenting on the transition, long-serving employee Fred Monaghan said: ‘This is a really exciting opportunity for me and my colleagues. I really feel part of something now, and I’m sure it will show in our work. We are really excited to showcase our new Duralight mixer and to give our customers a level of service not yet seen in the volumetric and precast business.’
Fellow employee Sue Houghton added: ‘This is a fantastic start to 2021. Everyone here has contributed to our future vision and we are all excited by our plans to grow sales, profit and headcount this year, whilst ensuring that Armcon remains a great place to work.’
New managing director Sean Warburton said: ‘I would like to thank Robert for the wonderful opportunity he has given both myself and the staff. I look forward to working with the staff to take the business on to the next stage of the journey. I would also like to wish Robert a very long and happy retirement.’