A long established manufacturing group based in the Midlands is seeking acquisitions. The group is listed on the AIM market and is implementing a strategy of rapid expansion by acquisition to bolster its engineering division. With strong cash flows from the existing businesses and significant institutional backing the group is well placed to fund its acquisition targets.
The target to be a precision machining business with the following characteristics: experience of precision turning of parts up to 10 kg; capable of volume manufacturing in cast iron and capability to supply to automotive industry standards.
The company to be located within a manageable reach of the Midlands with a turnover in excess of £1m with potential for significant expansion on the current site.
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