Wendy Bleasdale and John Vause have agreed a management buyout of Blackburn based orthopaedic footwear manufacturer, Reed Medical Ltd taking ownership of the company due to Peter Reed's retirement after 50 years with the company.
Wendy has 30 years' experience in many aspects of the footwear industry, incuding her role as managing director of Reed Medical since March 2005.
John is a fellow of the Chartered Association of Certified Accountans and has been a senior member of the Reed Medical management team for 28 years.
Wendy Bleasdale will remain as MD, with John Vause being appointed as FD.
This transaction will ensure ownership remains in the current management's hands to provide continuity for Reed Medical's customers, employees and suppliers.
Wendy said: "We are keen to build on the solid foundation that's been laid and are very excited about the future plans to build on the success achieved so far.It is very much business as usual for Reed Medical and we will contiue to focus on providing a quality product and sevice for our customers."
John added: "We look forward to the next chapter of the companys' development with the right team in place to deliver the companys' long term aspirations."