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LoneStar Group Announcement
New CFO
It gives me great pleasure to announce that Michael Stock has recently joined the LoneStar Group as Chief Financial Officer. Gary Kulesza has returned to his role as Operating Partner within AEA and I would like to thank him for his support and leadership as Interim CFO.
Michael has over twenty years experience in international industrial, manufacturing and distribution businesses, including Interserve, Ingersoll Rand, Premier Farnell and Metalrax. More recently as CFO of Multisol, Michael oversaw the sale of the Multisol Group to a global trade buyer in 2011.
During his career, Michael has contributed significantly to the delivery of both organic and acquisition led growth, in addition to the implementation of world class financial controls. These skills and experiences will be invaluable to support the development and growth of the LoneStar Group in the coming months and years. In addition to leadership of the group financial functions, Michael will be a main board director and a member of the executive team.
Michael adds...'Having spent a little time within the business already and met with some of you at the recent sales and management conference, I have gained a clear impression of the opportunities that we have at LoneStar and what we need to do to secure them. I am confident that my background will complement our highly talented team and that together we will realise our goals.'
I am sure you will join me in welcoming Michael and supporting him in this vital role for the LoneStar Group.
Trevor Swales
Chief Executive Officer
March 2012
LoneStar Group Announcement
New Group CEO
We are pleased to announce the appointment of Trevor Swales as the new President and CEO of the LoneStar Group.
Trevor has over 20 years of senior leadership experience in both public and private equity owned businesses including Exova, Firth Rixson and Doncasters. In addition to bringing extensive knowledge of international business and mergers and acquisitions, Trevor’s experience of forging, machining and our key fastener markets will be invaluable.
Trevor adds “I am excited about joining the organization and working with you to realize the significant opportunities we have to take our business forward. Together, I am confident we will achieve our global growth objectives.”
Gary Kulesza will return to the CFO role and we would like to thank him for his leadership as Interim CEO.
LSP Holding (UK) LTD Board of Directors
15th August 2011
Lone Star Products Group Acquires Energy Hardware Holdings LLC
Greer, South Carolina (USA) – July 31st, 2011
Lone Star Products Group (“LSP”) is expanding its global footprint via a merger with Energy Hardware Holdings, LLC (“EH”).
Headquartered in Wolverhampton (UK), The Lone Star Group is a leading global provider of customized, high-performance fasteners, gaskets, and flow-control components.
Like Energy Hardware Holdings, Lone Star provides mission-critical components and value-added services to leading OEMs, distributors, and end market customers in the global oil and gas, hydrocarbon processing, power generation, and general industrial markets.
This merger is consistent with the global expansion goal of EH, and will give the Company access to a platform of LSP distribution.
With the acquisition of Energy Hardware the LoneStar Group will generate approximately £110 million revenue. |