Mathiesons Bakeries has sold a controlling stake in its company to private equity firm Symphony Investment Fund.The Scottish craft bakery got in touch with Symphony to provide some additional fun- ding for the business, which had been struggling during the recession.The deal was confirmed on 3 July and George Stevenson stepped down as managing director on the same day, said Catriona Stevenson, director of sales and marketing at Mathiesons. However, as part of the deal, Mathiesons will be able to buy back the controlling interest in a few years’ time.David Orr previously of United Central Bakeries has replaced George Stevenson as MD, who has assumed the role of non-executive chairman.In an interview with The Falkirk Herald, the former MD, who spent over 30 years in his role, said giving up control of the business was necessary to safe-guard its long-term future.The restructure has resulted in 10 job losses, from its 450-strong workforce.Catriona Stevenson said the company is now running as usual and there are no plans to close any of its shops or restaurants.Mathiesons invested over £4m in a move to a new 47,000sq ft bakery on the outskirts of Falkirk in 2006. The company invested £600,00 in new equipment as part of the move.
Press Association He now switches his attention to the Boxing Day clash at Tottenham and their trip to West Ham two days later. Downing said: “I suppose there’s a bit less pressure on the lads because of what’s going on, but you’re always going to have the uncertainty of ‘who is going to come in?’ and ‘hopefully I can impress’. “At half-time against Hull we just tried to settle down a little bit because it was such a disruptive week. I just got the reflection of that in the first half and thought ‘come on, boys, that’s not us’. “There was an edginess and a tension and we’ve got to try to settle things down and play with freedom and expression.” Downing has not changed too many things since Clarke’s departure but is keen to draw positives from a difficult situation. “We’re just different personalities,” he said of his own management style. “Steve’s very astute and meticulous, a great coach. I’m a little bit of Steve, a little bit of Roy (Hodgson) before that and a bit of my own personal slant on it. “I try to get people rallied together and galvanise the group because of the disappointment of what happened last week. They’ve very much got behind me, which is great. “We’ve tried to get a bit of a siege mentality around just to try to get everyone together and have an enthusiasm, a work ethic, and to be fair the boys have been really good.” Albion were poor in the first half against Hull before Downing introduced Matej Vydra, Zoltan Gera and Saido Berahino from the bench. Vydra and Gera combined for the Baggies’ equaliser, with the Czech striker scoring the goal, but Downing was reluctant to take too much credit for the substitutions. “Maybe I didn’t get the starting XI right because I had to change it at half-time,” he said. “During games you get them right and get them wrong. But what I’ve got is a good set of substitutes and a good squad behind me, so I can look around on a matchday and think ‘he can make an impact’ and ‘he can have an effect on the team’. “The three lads on Saturday did that and it’s about having that strength in depth and someone who can change the game.” Downing revealed striker Victor Anichebe is doubtful to face Spurs with a groin injury. Downing is holding the fort at the Hawthorns as chairman Jeremy Peace and technical director Richard Garlick continue the search for a permanent head coach following Steve Clarke’s sacking last week. Downing’s first match in charge saw Albion end a four-match losing run with a spirited 1-1 draw at home to Hull on Saturday. West Brom caretaker boss Keith Downing will continue to encourage a “siege mentality” within his managerless squad as they attempt to cope with great uncertainty over the Christmas period.