Palmer & Harvey McLane, the UK's biggest wholesaler, has completed its £330m management buyout. The MBO, first announced in February, was lead by P&H CEO Chris Etherington and will offer management and employees 50% of shares in the new holding company. “This is a very exciting time for the company as we put in place the financial foundations for the future growth of the business,” Etherington said. “Not only will this restructuring create significant share ownership opportunities within the group, we have also secured the best management team to build on our strong heritage by delivering further growth and expansion.”

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