UK. Macintyre Scott Xtra (MSX), a leading UK specialist in bonded warehousing, has announced a management buyout by its senior management team.
The new owners of MSX are Peter Blatch, Business Development Director; Rob Glanville, Operations Director; and Mark Pullen, Finance Director.
MSX was founded in 1974 and owned by the Ridges-Jones family for nearly 35 years. MSX established its reputation as a pioneering distributor of beers, wines, spirits and confectionery in the travel retail industry.
Nicola Ridges-Jones became Managing Director of MSX in 2004 after the company was left to her following the death of her father, Fred Ridges. Her leadership, combined with the support of her management team, has seen the business go from strength to strength.
Ms Ridges-Jones said: “Being a family business, MSX has always been a huge part of my life. When my father died, my driving ambition was always to make MSX the best in class as a tribute to him.
“I know that I am leaving MSX in the capable hands of the executive management team that I have worked with for a long time. They have been instrumental in helping me grow the business to the success it is today. I have complete confidence that Peter, Rob and Mark will build on this strong position and take MSX even further.”
In 2010, Rob Glanville joined MSX as Operations Manager and oversaw its relocation to a new, larger warehousing premises in Hampshire that doubled the size of its operational capability.
Shortly after the relocation in 2011, the company rebranded to MSX and Peter Blatch joined as Business Development Manager. Blatch was successful in helping the business grow by capitalising on its increased warehousing capacity.
“I have complete confidence that Peter, Rob and Mark will build on this strong position and take MSX even further” – Nicola Ridges-Jones
In 2012, Mark Pullen joined the executive team as its new Finance Controller. Pullen, a chartered accountant, played a key strategic role in supporting the company’s growth plans.
Business Development Director Peter Blatch said: “For our clients, suppliers and staff, it’s business as usual, only more so. Rob, Mark and I have enjoyed helping Nicola grow MSX together and are delighted that she has trusted us to take the company forward.
“In terms of what’s next for MSX, we want to re-energise the company, grow our market share and continue developing our new luxury goods category we launched in 2016. Innovation has always been key to our growth, so it’s important that we continue to anticipate trends within our market so that we can continue to deliver the exceptional service that our customers have come to expect.”
MSX works with major international companies to handle their requirements for storage under bond, stock management and product consolidation in its secure warehouse facility. It also takes care of their transport and logistics needs.
MSX’s clients include World Duty Free, NAAFI, Carnival UK (Cunard & P&O Cruises), Princess Cruises, Royal Caribbean, Fred Olsen, Brittany Ferries, P&O Ferries and Condor Ferries.