Nuaire, world leader in the design, manufacture and distribution of energy efficient domestic, commercial, industrial ventilation and control equipment, has announced the appointment of a new group managing director.
Mark Huxtable will be responsible for the management of the business' and will oversee all core company functions including sales, marketing, finance, product development, procurement, and manufacturing.
A Chartered Engineer with a degree in Manufacturing Systems Engineering, Mr Huxtable joined Nuaire in 1988 and moved quickly from a development engineering role into the realms of manufacturing.
Having joined the board of Nuaire in 1994, the 49-year-old from Newport moved to France for three years as President of its subsidiary AREM, one of Europe's largest manufacturers of high temperature axial fans, acquired by Nuaire in 1998. After successfully integrating the business within the group, Mr Huxtable returned to Nuaire's UK base in Caerphilly as group manufacturing and engineering director whilst retaining responsibility for the French operation.
On his promotion to group managing director, Mr Huxtable said: "My objective is to continue the trend of profitable growth and to establish a sustainable, three-year business plan with a strategy that underpins the growth requirements of the shareholders. We will be working to implement what is an ambitious strategic plan but one which the business and its people are fully capable of achieving."
Nuaire is currently backed by private equity firm Electra Partners LLP. Mr Huxtable, together with the group financial director Mr Robert Parry, was part of the original management buyout team in 2007.
Mr Huxtable continued: "Against the backdrop of a construction industry which is currently experiencing challenging times, we must continue to focus on development and innovation not only in terms of our products but also in the way we do business in order to capture a bigger slice of a static to diminishing market."
With a turnover in the region of £65million, Nuaire recently benefited from Welsh Government funding to assist it in securing major new factory equipment. The purchase of new sheet metal processing equipment represented an investment in the region of £2.2 million by the business, making Nuaire the most heavily invested ventilation manufacturer in the UK.
Mr Huxtable added: "We will also be continuing to grow our presence in terms of international markets, particularly the Middle East but also with a firm objective of seeking new opportunities that may exist in other emerging world markets. Nuaire is one of the few ventilation experts to have successfully developed a reputation for specialist knowledge and product innovation across residential, commercial and industrial markets. This versatility, together with unrivalled expert industry experience, is an attribute which continues to set us apart from our competitors and places us very much at the forefront of both the UK and European ventilation industry."
Nuaire now employs more than 450 people worldwide and has been considered a leader within the ventilation industry since 1963. Based in Wales, the business occupies 250,000 sq ft of space across its premises in Caerphilly and Bedwas, with further facilities in France, Dubai, and Ireland.