Injection moulding specialist MGS Technical Plastics has been acquired by its three directors in a full management buyout.

Long-serving owner John Sturgess sold equal shares in the Blackburn-based business to chairperson Neil Garrity, managing director Judson Smythe and commercial director Mark Preston.

The directors said operations and strategy will remain unchanged as the business continues to focus on customers, community and long-term growth.

The deal completes a transition to full management ownership following an increase in the directors’ stake in mid-2024.