Blackheath Products Company Update
Blackheath Products Ltd, the West Midlands worktop and decorative surface distributor has become an Employee Owned Trust.
Employee ownership is one of the fastest growing business succession solutions in the UK, where there are now more than 1,000 employee-owned businesses, with the sector more than doubling in the past three years.
Based in Halesowen, Blackheath Products holds over £7.5 million of decorative laminates and solid surfaces stock, which it distributes across the UK and Ireland to kitchen centres, shopfitters and furniture manufacturers.
Ian Foster, whose family had owned Blackheath Products Ltd for over 90 years commented:
“For over 4 generations my family have worked with so many amazing colleagues and it`s a privilege to now be able to give all the current employees of Blackheath Products the opportunity to make it their own business within an Employee Owned Trust.”
Mark Murphy, Managing Director of Blackheath Products for over 20 years, commented:
“This is a fantastic opportunity for all of us at Blackheath Products. The decision by Ian`s family to transition the company to an Employee Owned Trust is driven by a passion to keep jobs in the West Midlands and to continue to grow as an independent business. Our focus is now on an exciting future with everyone in the business working creatively together to develop new products and services to support our customers and suppliers”
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