Liam Wheeler

Liam Wheeler was promoted from financial director to managing director of Montrose Holdings, which is part of the Bufab Group. Wheeler has been with Montrose for 12 years.

Former owner and managing director Charles Ainsworth will continue to work for Bufab as business development manager.

“As Montrose enters the next phase of its development, we have a strong management team in place and along with the added resource and expertise from our new sister companies I can see no reason for Montrose not to continue its positive trajectory,” stated Wheeler.

Founded in 1991, UK-based Montrose Holdings has 70 employees located in High Wycombe, Southampton and Bedford, England (following the acquisition of Thunderbolts Ltd in May). The company supplies fasteners and special components, as well as products for MRO for the electronics, aerospace and construction markets. Web: TheMontroseGroup.com

During the first six months of 2017, Bufab sales rose 11% to SEK 1.64 billion with organic growth at 6%. Operating profit increased to SEK 167 million and the operating margin was 10.2%. Web: Bufab.com