RBS facilitates MBO at Fife Fabrications

Fife-based precision sheet metal manufacturer, Fife Fabrications, has secured a seven-figure funding deal from Royal Bank of Scotland to assist the company in undertaking a management buy-out.

The company will now be owned and operated by its four remaining directors John Penman, Craig McIntosh, Steven Smith and Roberto Morris, after they were supported by RBS to purchase the business from majority shareholder, Archie Smith, upon his retirement. As well as the recent funding support, Royal Bank of Scotland has also assisted the company in creating and implementing a three-year business plan.
For further information www.rbs.co.uk/corporate