The company, which employs around 600 people, was founded in 1999 and it was previously majority owned by its founder directors. Alliance customers range from hotels, pubs and restaurants to public sector NHS, leisure and care markets.
David Elder, managing director at Alliance Disposables, said: “Alliance has always been particular about maintaining a long-term relationship with its customers and staff. Often, the sale of a business results in significant disruption and change. We see this as a solid way of maintaining stability and to continue the growth and development of Alliance. We look forward to our employees sharing in the future success.”
The Directors considered a number of options for the future of the company, but concluded that the transfer of 100% ownership to an Employee Ownership Trust (EOT) was the best fit for the culture and ethos which has been built up within the company.
The current directors will continue to run the business and a trustee board has been established to provide a corporate governance framework which will ensure that the EOT acts in the best interest of the employees.