The future of the Joloda International loading systems businesses have been secured through a private ‘Buy-In Management Buy-Out’ (BIMBO) deal, which sees the arrival of a new, investing CEO, supported by two of the group’s existing directors. Majority share owning Executive Chairman, Wojtek Kordel, who led the original acquisition of the company from the York Trailer Group in 1982, steps aside into a non-executive director role, to lend continuity and shareholder representation on the new board. Commercial details of the sale are not disclosed.
Joloda International Limited now comprises the original core business, based in Garston, Liverpool; the Hydraroll division based in Gaerwen, Anglesey; a mainland European operation, Joloda BV, based in Venray in the Netherlands; Joloda LLC, based in Wilmington, North Carolina, USA; and Joloda South America, based in São Paulo, Brazil. The current structure of the Joloda International group testifies to its growth and success, from its modest beginnings in Toxteth, Liverpool in 1962 to today, as an UK-based specialist engineering company turning over in excess of £10million and exporting directly and through a network of agents to more than 20 countries.
Wojtek Kordel says, “Joloda International is a remarkable success story – and I have been developing a succession strategy for the business for some time. At the core of this strategy has remained my personal determination to keep the primary engineering skills and jobs here in the UK, securing the future of our incredibly loyal workforce, both in Liverpool and in Anglesey. In addition, I wanted to ensure absolute continuity and stability for our subsidiary businesses and the network of agents around the world with whom we have worked over many years.
“I set a range of objectives for the business some twenty five years ago and we have managed to achieve and exceed those aims – but I have to recognise that the time is right to introduce new working owners to Joloda, to take the business forward and to the next level. Our management team, our employees and our agents should share our confidence in the buy-out framework which we have agreed and which underpins and secures their futures and the direction of the business”, says Wojtek Kordel.
The new investing Chief Executive Officer is Michele Dematteis, a Merseyside entrepreneur and business leader with a significant track record for developing and growing leading SME manufacturing companies. In his previous role, he was responsible for transforming a market leader in the manufacture and servicing of conveyor systems from its previously modest position to being a 2014 Sunday Times Fast Track 100 Company.
Dematteis is joined by Alec McAndrew, Joloda International’s current Operations Director, who brings a wide experience of design, engineering, manufacturing and essential support functions to the new board. Wouter Satijn, currently International Sales Director for all the group companies completes the new buy-out board. He was previously General Manager of Joloda’s Netherlands-based subsidiary, Joloda BV.
Incoming CEO Michele Dematteis says, “I am delighted with the outcome of these buy-in, buy-out negotiations and I look forward to working with my new investing team colleagues to build on Joloda’s success story, further develop its products and its markets – and take our business toward the future.”
Joloda Global Leadership in Niche Markets
The original and now famous Joloda skate and track system, for the manual assisted movement of loads within vehicles, was developed in 1962. The system then won the prestigious Design Award in 1977. After a brief period within the ownership of a large trailer manufacturer, the company was bought out in 1982 by its then senior management, led by Wojtek Kordel. In subsequent years the base product was developed further, with hydraulic and modular systems being added later. Joloda loading systems have become the default equipment of choice for applications including palletised unit loads within trailers, the movement of paper reels for the newspaper industry, the assembly and one-shot loading of ISO containers and weapons handling systems for military users.
Following the acquisition of the Hydraroll business in 2003, the company strengthened its presence in the automated loading systems sector, notably in airfreight handling. The formation of Joloda BV, originally as a joint venture with the Satijn family, enabled the company to set up an assembly operation for customised loading solutions closer to the primary markets of mainland Europe and the creation of Joloda LLC in the US has enabled the company to grow exponentially in the American markets. The company’s expertise in logistics and engineering has earned it an unique leadership position within the specialist niche global markets it serves, with over 500,000 loading systems having been supplied worldwide. Across its range of products, it delivers up to 500 systems per month to a customer base which includes many of the world’s leading brands, manufacturers and carriers.
Joloda (International) Limited
51 Speke Road, Garston, Liverpool L19 2NY
Tel: +44 (0) 151 427 8954