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NEW ERA FOR SIMBAL  

SIMBAL Ltd which supplies electrical equipment to the crane industry has undergone a management buyout. The buyout at SIMBAL, in Chapel-en-le-Frith, sees managing director Steve Woolley replace Brian Ball as the company’s majority shareholder.  Established in 1979, SIMBAL supplies electrical equipment such as conductor systems, electrical cables and remote radio control systems to both crane manufacturers and crane service companies.  SIMBAL sources its products globally and supplies them to more than 600 customers.  The company employs seven people and has a turnover of £1.5m.  Mr Woolley has spent his working life in this sector and joined SIMBAL five years ago from Street Crane Company – one of the world’s leading crane manufacturers.   He said: “Having managed the business for the last four years I am now delighted to become the company’s majority shareholder.  "Our main goal is to build long term relationships that meet the needs of our customer and suppliers.   "This transaction gives us a sound platform to continue with this approach.”