Klarius Group Ltd.

Klarius Group Ltd.

September 21, 2010 05:07 ET

Tony Wilson Chairman of Klarius Group Becomes Entrepreneur of the Year

MANCHESTER, UNITED KINGDOM--(Marketwire - Sept. 21, 2010) -

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Tony Wilson Chairman and COO of the Klarius Group is credited with purchasing and swiftly returning to profitability the emissions control division of Arvin Meritor in 2007. Having repeated the move with the larger £300m turnover Quinton Hazell buyout in February of this year, and returned that part of the business to profitability within three months, market opinion is that he has pulled off yet another very shrewd deal. A leading panel of judges acting on behalf of EN magazine, 'the magazine for Entrepreneurs' has recognised the achievement, and chosen Wilson for the coveted title of 'Entrepreneur of the year'.

Klarius also announced this month that the Group is posting 'solid and substantial profits' just six months after the multi-million pound buyout of automotive aftermarket giant Quinton Hazell (QH). The company has exceeded internal targets for reorganising the business, finding substantial efficiencies, and reaching overall profitability ahead of schedule. This positive situation has allowed Tony Wilson to bring plans for further acquisitions forward, based on a solid fiscal base with predicted organic growth also exceeding expectations.

Tony Wilson, commenting from the new Group HQ offices located at the Voyager building at Manchester Airport added, 'We went into the QH deal with a very pragmatic picture of what we could achieve in the short-term and a very positive plan for what we hoped to achieve in the future. Thanks to an excellent management team and some really hard work and outstanding commitment from all the employees within the Group we are already moving forward in a fast, profitable and sustainable manner. It is gratifying to be presented with the award as it reflects well on the entire organisation, not just the individuals at top management level."

EN's Entrepreneur of the Year Award is a top accolade for owner-managed businesses. As a high profile campaigning voice for enterprise since the early 1990s EN magazine is read and trusted by wealth creators and business leaders alike.

The EN Entrepreneur of the Year 2010 was announced on Thursday, September 16, 2010.

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