Three years of success
President Engineering Group Ltd, parent company of Bestobell Valves, recently celebrated the company’s third anniversary, which marks three consistent years of growth.
In the past three years since Mark Henley, Marie Cooper and John Waddington carried out a management buyout (MBO), the group has created 33% more jobs, increasing its workforce from 86 to 115, along with increasing its turnover by almost 40% and growing international sales by 37%.
The MBO, which took place in October 2010, involved the new company President Engineering Group buying out cryogenic valve specialist Bestobell Valves and international mining safety equipment manufacturer Conflow from the Flow Group.
Mark Henley, Managing Director of President Engineering Group Ltd, said: “It has been an exciting three years and our success is down to the dedicated team we have here in Sheffield. We have invested in new equipment, including re-organising our manufacturing facility in Sheffield so we can produce higher value Bestobell valves here. We have also expanded our technical team to help reinforce our world class capabilities. Over the past three years, we have faced challenges, such as the decline in the domestic mining industry, but we have also seen major growth in international markets, which has opened up many new opportunities.”