Lloyds TSB Commercial Finance has backed the management buy-out of Halifax-based Valeo Transmission Limited from the Valeo Group. The management team turned to Nick Robson, Regional Director at Lloyds TSB Commercial Finance in Leeds, to help fund the near Ј2 million deal and meet the company’s ongoing working capital requirements.
Valeo Transmission Limited has been established for over 40 years and employs 135 staff at its manufacturing plant in Halifax. It develops and manufactures innovative gear box components, mainly synchroniser rings, predominately for export to major transmission and car manufacturers. Its customer base includes Renault, Toyota, Ford, Volvo and NVG.
