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News

Patrick Vericel becomes the new majority shareholder of the MLT group

Published on 2023-07-18
<p><strong>Copyright : MLT</strong><strong> </strong><strong> </strong></p>

MLT Minet Lacing Technology, headquartered in Saint-Chamond (Loire), has announced the departure of one of its managers, Frédéric Guillemet, and confirms that his co-partner, Patrick Vericel, will continue the adventure alone. . Founded in 1947, Patrick Vericel and Frédéric Guillemet bought the company in 2017, each holding 50% of the shares. 4 years later, the two men had doubled the activity, adding in passing a partnership contract with the American company Flexco, the takeover of the Belgian company TechnicGum Polymères, and the opening of two new subsidiaries, in Peru and in Africa. from South. Rapid growth that continues today. Frédéric Guillemet was a key member of MLT's management team, contributing to the growth and success of the company. He had joined the company as general manager in 2014. After 9 years at the head of the company, the engineer from Arts et Métiers wanted to take a step back and get involved in new projects. Being confident about the continuity of the group, he will remain a shareholder with 13% of the capital, but will not retain any executive mandate. Patrick Vericel, who joined the company in 2016 as commercial director, has increased the turnover of MLT France from €13 million to €30 million in 5 years and that of the group from €17 million to €45 million. He becomes the main shareholder and will continue to lead the company and promote the values ​​of quality, innovation and customer service of MLT Minet Lacing Technology. With over 20 years of industry experience, he is a proven leader with a deep understanding of customer needs and market trends. He decided to surround himself with a team of leading executives through 2 holding companies of managers for 15% of the capital.


 

 

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