Company Announcement: Change in Ownership at Formbar Limited

Formbar Limited are thrilled to announce that from 1st July 2019, ownership will transfer from its founder Simon Nickson, to long term employee Hannah Lewis. “Starting and building up Formbar to a business I am very proud of has been an exciting time, and having worked with Hannah for many years there is no better person to take it onward.” said Simon when discussing the sale. New owner Hannah commented “I am extremely pleased that Simon and I were able to agree this deal, and that he trusts me to take Formbar forward, building on the firm foundations he has laid down.” Simon will be remaining as a part time consultant to ease the transition, he will provide support to the Formbar team. Hannah is well known to all Formbar’s customers and suppliers, having worked at the company since 2010, and she really appreciates the ethos of the business and understands its operation. Formbar will continue to provide an excellent service and supply the same products under the same terms as are currently in place. Over time Hannah will develop the business responding to changes in the market, there are no plans in the short term for any major changes. The team at Formbar would like to congratulate Simon for his time and dedication to building Formbar into the successful business it is today. Formbar would also like to thank its customers and suppliers for the support and encouragement given over the years and invite any feedback to help Hannah identify any areas that would benefit from improvement.