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MANAGEMENT BUYOUT AT AMG GROUP

Scotland based AMG Group Ltd, owner of Vango, one of Europe’s leading camping, footwear and outdoor equipment brands, has today announced that after ownership by the Moodie family for almost 50 years, directors Stephen Newlands, Managing Director; Steve Craig, Commercial Director; and Glenn Andrews, Product Director have successfully completed a management buyout of the company.

Stephen Newlands, Steve Craig, Glenn Andrews

AMG’s brand portfolio includes the UK’s best selling tent and camping equipment range, Vango, the iconic high performance expedition and mountaineering collection, Force Ten and Lichfield family camping products.

The company also distributes Rossignol winter sports equipment, Asolo footwear, Trangia camping stoves, Wayfayrer camping foods and an innovative new, gel based bio fuel known as Fuel4.

AMG Services Division, which services and repairs all brands of tent and is the only business of its kind still left in the UK, is also included in the deal.

Speaking today, Sandy Moodie commented that he was extremely proud of the team at AMG, and delighted to be handing over full control to the management buyout team who have been so instrumental to AMG’s rapid growth in recent years.

Moodie said: “Stephen, Steve and Glenn have been the driving force behind our business for many years. They have the energy and enthusiasm to take the business to new heights and it is fitting that they should benefit from their very significant contributions.”

Moodie will remain a director of AMG and will retain a minority shareholding in the company.

Managing director, Stephen Newlands, said: “We are all extremely excited to be taking over the reins at AMG. Innovation, service and commitment to our customers is at the heart of everything we do. We aim to make the great outdoors accessible to all, from family campers to extreme mountaineers.”

Newlands is also Chairman of the Outdoor Industries Association which lobbies government and represents manufacturers and retailers operating in the billion pound UK outdoor industry.

AMG’s Vango brand is an official manufacturer of Recommended Kit for The Duke of Edinburgh’s Award and is also working with The Scout Association to offer an approved range of products from its portfolio of brands including Vango, Wayfayrer, Trangia and Fuel4. The Scout movement is the UK’s largest mixed youth organisation committed to providing life changing adventures for young people aged six to 25.
For further information regarding AMG please visit www.amg-group.co.uk