17th April 2013
Hy-Pro International secures leading investor for aggressive growth strategy
Renowned business entrepreneur Nigel Wray on board to grow leading sporting goods business
17th April 2013: Hy-Pro International, the pre-eminent sporting goods business, today confirms its new shareholder Nigel Wray, the established entrepreneur and investor, who has taken a 44% equity stake in the business and will sit on the Board as Chairman. Hy-Pro is a successful sporting goods business and owner of a number of leading brands including ‘Zinc’ which has grown rapidly in the past five years becoming one of the leading brands in scooters, skateboards and bikes across the world. Hy-Pro has also produced branding licenses for high profile football clubs and brands in Europe, including Manchester United, Chelsea and The Champions League.
In order to underpin its aggressive growth strategy, the management team at Hy-Pro were looking for an equity partner with both the financial and intellectual capacity to make a difference and Nigel Wray comes with both these attributes and a business acumen that is second to none. Atul Shah will continue to drive the business forward in his position as CEO.
Nigel Wray is the Chairman and major shareholder of Saracens Rugby Football Club and has an impressive and widely recognised track record for successful investment in privately and publicly owned businesses including high profile names as Domino’s Pizza.
Atul Shah commented: “We are delighted to have Nigel on board. He will add significant value to the growth proposition moving forward. Nigel’s approach and superb investment track record convinced us that he is the right partner to join our management team and for the growth of our business.”
Nigel Wray added: “Atul and the team have built an impressive business encompassing highly successful intellectual property which is being taken up strongly across UK and International markets. It is a very exciting time to get involved with Atul and the team and I have no doubt that Hy-Pro will continue to expand into new customer bases and territories.”