Telford-based Whittan Storage Systems has been bought out in a £90 million secondary management buy-out.
The deal for Whittan, bought from venture capital group Permira, was backed by Stirling Square Capital Part-ners.
Whittan which sells pallet racking, shelving and lockers employs nearly 1,000 staff and has sales of around £200 million.
The company has around 550 people at its main manufacturing facilities in Telford and Dudley. The company also has sites in Bolton, Wakefield, France, Germany, Belgium, Spain and the Netherlands.
It trades under a number of well established brands including Link51, Permar and Polypal, and clients include firms from retail, distribution, education, government and leisure.
The buy-out was led by chief executive Andrew Butler who said the firm now planned to expand its business in Europe.
"Currently 60 per cent of our business is UK based, so we see a lot of opportunity to expand our offering across Europe," he said.
Mr Butler said products areas for growth included the supply of lockers to the leisure industry, the development of display racking for DIY stores and the sale of archive storage equipment to the public sector.
Mr Butler confirmed that there would be no staff losses.
"It really is business as usual," he said.
"Whittan has been in business for over 50 years, we have a strong portfolio and a number of new and interesting products.
"I am excited about working together with Stirling Square in ensuring the next stage in Whittan's growth."
Martin Calderbank, partner at Stirling Square, said: "Whittan has become the market leader in the UK and we see great opportunities for the company in Europe. We look forward to working with Andrew and his team to capitalise on these."
Whittan was originally a division of engineering firm Wagon until it was bought out by its management and Per-mira in 2002.