Flowtech Fluidpower PLC Flowtech-winner at 2016 Regional Business Awards
30 June 2016 - 8:54PM
RNS Non-Regulatory
TIDMFLO
Flowtech Fluidpower PLC
30 June 2016
FLOWTECH FLUIDPOWER PLC
("Flowtech" or "Company")
Group recognised in the 2016 Regional Business Awards
London, Thursday, 30 June 2016 Flowtech Fluidpower plc (AiM:
symbol FLO): Lancashire-based specialist technical fluid power
products supplier Flowtech Fluidpower plc was delighted to be
recognised in the regional business awards event which was
supported by executive sponsors DLA Piper, KPMG and Lloyds
Bank.
The Company successfully pipped Liverpool John Lennon Airport
and Bullens Healthcare to the award for 2016 Business of the Year
(MSIF 51-250 employees) and also became the primary runner-up in
the award for Manufacturer of the Year (Lloyds Bank). The Echo RBA
event was attended by over 500 representatives from the North
West's local pool of business talent. Presenters for the evening
included TV reporter Ranvir Singh and sales coach and keynote
speaker Geoff Burch who revealed the winners for the 12
categories.
CEO for Flowtech Fluidpower plc, Sean Fennon said,
"As a group we are absolutely delighted to win the coveted top
spot and also to be recognised strongly in the manufacturing
category. Flowtechnology UK, the flagship company was established
over 30 years ago as a family business and, even today as the
Company grows we still harness the same family culture and values
in promoting an open-working environment. This recognition by our
peers and the sponsors is therefore testament to the teams' hard
work and commitment which provides the solid foundation for our
accomplishments to date and into the future."
"As a business, we, [Flowtech Group] aspire to deliver
profitable growth while maintaining consistent high service levels
to our diverse customer base. We have a dedicated and hardworking
workforce which combined with a solid technically based and
resilient business model helps us to underpin our ability to
deliver strong cash generation and profitable returns for all
stakeholders."
Since the AiM Admission in 2014, Flowtech Fluidpower Group
has:
Ø expanded its portfolio through the launch of over 6,300 new
products and broadened its product categories;
Ø completed four important acquisitions: Albroco, Nelson,
Indequip and Hydravalve;
Ø established three clearly-focussed divisions: Distribution,
Power Motion Control and Process; and
Ø implemented strategic structural refinements and new data
processing resources which are already delivering improved
operating efficiencies across the organisation.
Mr Fennon concluded:
"These are very exciting and fast moving times and we remain
optimistic and vigilant about our future. Our trading initiatives
linked also to our focused acquisition strategy will continue to
create significant opportunity to achieve further organic growth,
increased market penetration and positioning through our
multi-channel strategy approach.
One defining factor in these achievements and our recent and
indeed our future success is the Company team spirit. These awards
not only recognise the exceptional talent we have amongst my
colleagues and staff within our business portfolio but also within
the North West region as a whole."
Further information about the Group can be found via the
corporate website www.flowtechfluidpower.com.
Enquiries:
Flowtech Fluidpower plc
Sean Fennon, Chief Executive
Officer
Tel: +44 (0) 1695 52796
AiM: symbol: FLO
email: info@flowtechfluidpower.com
website: www.flowtechfluidpower.com
Zeus Capital Limited
(Nominated Adviser and
Broker)
Dominic King, Andrew Jones
Tel: +44 (0) 203 829 5000
TooleyStreet Communications
(IR and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523
or email: fiona@tooleystreet.com
Editors' note:
Flowtech Fluidpower plc, founded as Flowtech in 1983,
is the UK's leading specialist supplier of technical
fluid power products with modern distribution facilities
in the UK and Benelux. It offers an unrivalled range
of Original Equipment Manufacturer (OEM) and Exclusive
Brand products to over 3,600 distributors and resellers.
Its catalogue is recognised as the definitive source
for fluid power products, containing approximately
52,000 individual product line and is distributed
to more than 85,000 industrial Maintenance, Repair
and Overhaul end users (MRO). Over 80% of product
is stocked and if ordered by 10pm, can be delivered
next day in the UK, providing 'best in industry'
service offering. The Group's headquarters and main
distribution centre is in Skelmersdale, Lancashire
with further distribution centres in the Netherlands
and China. The Power Motion Control Division (PMC)
has operations in Merseyside, Northern Ireland and
the Republic of Ireland.
This information is provided by RNS
The company news service from the London Stock Exchange
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