Fastest growing automotive aftermarket manufacturer, Klarius appoints new Finance Director.

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ImagesClick Image for 300dpi jpg fileFastest growing automotive aftermarket manufacturer, Klarius appoints new Finance Director.

Klarius, one of Europe’s largest independently owned automotive manufacturing concerns, has today announced the appointment of David Cheetham as Finance Director; the position taking effect from 1st October 2009.

David has worked closely with the existing Klarius Board since the company’s foundation in 2007. In his former position as a Partner at Manchester based Corporate Finance specialists, Ford Campbell, David was responsible for the team that, acting on behalf of Tony Wilson and Andrew Jones, financed and completed the successful 2007 purchase of Arvin Meritor Automotive Emissions Division. A deal that won an Entrepreneur Insider award from the financial sector.

Commenting on the appointment, Klarius Group Chairman and Principle Shareholder Tony Wilson said: “I am delighted that David is ‘officially’ now part of the Klarius team. We have worked well together on the successful financial management of the Klarius Group so far, and his assistance with future plans for expansion and acquisition will be invaluable. His experiences at PWC, and more recently at Ford Campbell earned David a respected position in the corporate finance, mergers and acquisitions marketplace. He is a valuable proposition for us as a multi-national manufacturing and distribution company with a clear focus on sustainable, profitable and cash generative growth.”

Notes for Editors: David Cheetham spent his training years at Price Waterhouse Cooper having completed a mechanical engineering degree, and then, the ACA Chartered Accountancy qualification. In 2004 David became a partner at Manchester based investment and buyout specialist firm Ford Campbell.

Klarius The Klarius Group was formed in August 2007 following the acquisition of the Emissions Control activities of ArvinMeritor Light Vehicle Aftermarket Europe. It is now one of Europe’s largest, and fastest growing, independently owned automotive manufacturing concerns, and is currently enjoying success in a challenging market, investing over £5million in its EU based manufacturing and R&D facilities, warehousing and distribution network over the last eighteen months.

About Klarius Products

Klarius Products is a dedicated Emission Control Products manufacture and supply company servicing primarily the UK and EU markets. The business supplies type approved exhausts, CATs and DPFs designed, developed and manufactured in the UK and delivered via its own logistics operation. Klarius Products operations are centred on the manufacturing, R&D, test track, logistics and stock facility hub based in Cheadle in the UK.

Editor Contact

DMA Europa Ltd. : Anne-Marie Genth
Tel: +44 (0)1562 751 436 Fax: +44 (0)1562 748 315

Company Contact

Klarius Products Ltd. : Simon Hutchinson
Tel: +44 (0)1538 752 561 Fax: +44 (0)1538 751 915
Email: Simon.Hutchinson@Klarius.EU

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