Imperial Multipart, based in Chorley, has split from South African parent Imperial Holdings in a management buyout (MBO).

The £20 million deal was led by directors Chris Gateley and Paul Roberts.

Multipart specialises in supplying spare parts and components to the automotive, defence and utility sectors.

Clients in the automotive sector include Maxus, Isuzu Truck (UK), TVR, Modec and Dennis Eagle.