NEWS
Brexit tops the bill at FETA lunch
T
he annual FETA lunch took place at the end of April with John Sargent as the after-dinner
speaker. Over 600 guests from the
refrigeration and air conditioning, as well as heating, ventilating and building controls industries, wattended the event at the The Brewery, London. Departing FETA chairman Graham Wright spoke about the importance of trade associations in terms of communication through Brexit.
He said: “There will be many subjects to consider as we move towards a different relationship with both the European Union collectively and its member nations individually. At FETA we believe that in the post-EU landscape, trade associations can provide an even more vital line of communication with the rest of Europe on important issues such as energy use regulations and product design. ” He went on to explain: “Many products used in UK buildings are manufactured elsewhere in Europe, and to require different standards for the UK market would only add to manufacturing costs and hence the price. We do not want to see either consumers or busin esses facing higher
YFM Equ y Y
costs because our legislation does not keep in step with the rest of Europe. It is to everybody’s benefit this underlying philosophy is supported.
“From an environmental standpoint, the UK’s departure from the EU
should not spell an end to the existing initiatives that encourage the uptake of renewable technologies. Schemes such as the Renewable Heat Incentive and the Enhanced Capital Allowance should be retained and promoted further.” Speaking of life after Brexit, Mr Wright went on to say: “Whatever happens in the coming years, staying abreast of developments in legislation across the EU will be very important to UK firms. Trade associations are well- placed to have a significant role in this. Having spent a long time establishing good relationships with technical committees in a number of fields, FETA is well-placed to maintain those connections. Our objective, post-Brexit, is to ensure that member companies continue to have access to a flow of information on what is happening with regard to product design, refrigerant use or fan motors – or any of the other important technical issues that affect our manufacturer and installer memberships.”
YFM Equity Partners backs MBO o TEV
backs MBO of TEV
uity Partner f
FM Equity Partners (“YFM”), the specialist private equity fund manager has backed the MBO of TEV Limited, one of the UK’s leading designers and manufactu rers of cooling, heating and refrigeration equipment. TEV marks the third investment from the YFMEP 2016 Fund which closed at the end of last month.
TEV operates through two widely recognised brands, Marstair and Quartz, both of which offer quality, bespoke products which are una vailable in the mass market. Marstair supplies air conditioning and refrigeration equipment into a variety of end markets. Quartz focuses on chilled water cooling solutions for commercial, residential and public sector applications. TEV manufactures in the UK and employs 56 staff at its headquarters in Brighouse, West Yorkshire. Over the past few years, TEV has delivered significant revenue and profit growth and the management team of T ony Hammersley, Chris Chisman and James Carr-Smith, supported by Chairman Chris Brown, is now looking to invest in sales and product to accelerate the growth across all areas of the business.
www.acr-news.com 13
Kelvion
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120
