BGF completes exit of Amazon Filters following manufacturer’s significant period of growth

BGF has successfully exited its investment in Surrey-based industrial filter manufacturer Amazon Filters following a share buyback by the business.

Founded in 1985, the family-owned filtration process business is one of the largest manufacturers of bespoke filter housings and cartridges in Europe.

Following its investment in 2018, BGF provided support and guidance to scale the business, strengthen governance and enhance areas such as the finance function.

This also included introducing the business to its non-executive chair, Paul Barnard, an experienced non-executive who has served on the board of other BGF-backed companies.

During BGF’s four-year investment period with Amazon Filters, revenues and earnings increased significantly, and the company grew internationally through its European subsidies and through recruitment in the Americas.

Neil Pizzey, managing director of Amazon Filters said of the buy-back, “Following a period of growth and expansion, both we and BGF felt the time was right to make this move.

“BGF has been a great partner for us, helping us navigate through the challenges of the Covid pandemic while growing our revenues and expanding overseas.

“We’re grateful to BGF for collaborating with us to agree the buyback that allows the family shareholders to remain in control of the business.”

The buy-back means Amazon Filters has now regained full control of its shares.

Will Gresty, investor at BGF, added, “Under the leadership of Neil and the management team, Amazon Filters has gone from strength to strength throughout our partnership.

“We’re proud to have played a role in supporting the growth of the business and wish everyone at Amazon Filters the very best for the future.”