UK Chemoxy posts USD15.38m capital growth
(MENAFN) Teesside-based Chemoxy has posted a USD15.38 million growth in capital, up from USD3.84 fund back by the UK's five big banks to increase capacity as its two factory sites, The Telegraph reported.
Chemoxy, which was acquired from Dow Chemicals by its management in 2011, works with blue-chip companies across the chemical, agricultural, retail and oil and gas industries.
Following the management buy-out by chief executive Ian Stark and chief operating officer Martyn Bainbridge, turnover increased from USD52.3 million to USD76.9 million within three years.
Chemoxy, which was acquired from Dow Chemicals by its management in 2011, works with blue-chip companies across the chemical, agricultural, retail and oil and gas industries.
Following the management buy-out by chief executive Ian Stark and chief operating officer Martyn Bainbridge, turnover increased from USD52.3 million to USD76.9 million within three years.
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