Famous name flies again

One of the most famous names on the UK connector distribution scene - Flightspares Electronics - has re-emerged following a management-buy-out of the electromechanical division of Compstock Electronics from parent company, UMECO. The MBO has been completed by Paul Green and Maurice Lee, Compstock’s former Marketing Director and Finance & Operations Director, and the management team is augmented by industry-veteran Bill McKnight, as non-executive director.

Flightspares' main franchise is Tyco Electronics, whose products the distributor has sold since the 1960s. Explains MD Paul Green: "For many years, Flightspares was the number one distributor for AMP/Tyco in the UK and Ireland. We were even in the top five in Tyco's European distribution network, despite the fact that we only covered the British Isles."

Ian McFadyen, sales director for Tyco Electronics in the UK and Ireland comments:"We are delighted by the news and congratulate Paul and Maurice on the MBO. We have known and worked with them and the Flightspares team for many years, and feel confident and excited that under the new ownership we can significantly develop our business together." Flightspares serves all industry sectors, including rail, automotive, contract manufacture and industrial.