Ex-installer Chris Adey, the founder of Cheltenham based water treatment manufacturer Adey Professional Heating Solutions has now left the business as part of a management buyout (MBO). The introduction of the MagnaClean, which Chris first developed in the back of his shed, has helped to spur demand for magnetic filtration technology – a market that has grown rapidly over the last 10 years. Chris has taken more of a back seat in recent years, but he has overseen a business that is now able to offer an extensive range of products designed to clean, flush, maintain, protect and test heating systems.
The MBO was led by the company’s CEO John Vaughan with the full backing of the Board. He comments: “Adey has innovation in its DNA, and we will continue to launch new products that assist heating installers to serve their customers’ needs with the most effective tools. More than three million MagnaClean filters are installed in the UK, and the scope for more households, businesses and local authorities to benefit from our low cost energy saving products drives the Board’s ambition for continued growth.”
Currently supplying its products in the UK and mainland Europe, the company is planning to expand into new markets including the US, Asia and Eastern Europe, as well as investing in new product development.
