Tue, 10 Jul 2018 | MBO/MBI
Camtronics Vale has completed a management buyout from its parent company PhotonStar LED Plc, with a £400,000 loan support from the Development Bank of Wales.
The company, based in Tredegar Business Park with a workforce of 31 individuals, operates in conjunction with those in the medical, military, industrial and LED lighting industries, and provides a variety of electronic manufacturing services.
Some of its services include surface mount (SMT) assembly, through-hole assembly, automatic optical inspection (AOI), box build, programming and testing.
Managing director Paul Macleur led the senior management team to purchase the £2 million turnover business from the parent company.
He said: “We are delighted to have secured this investment from the Development Bank of Wales. It puts Camtronics Vale in an excellent position to exploit our extensive growth potential in this, our 25th anniversary year of operations.
“We are looking forward to welcoming new customers whilst maintaining the levels of service and support that our existing customers, many of whom have been with us for more than ten years, value so highly.”
Camtronics Vale was first founded in 1993 as Novaspec, before its acquisition by PhotonStar in 2011.
Steve Galvin, the senior investment executive at the Development Bank of Wales, said: “Camtronics is a perfect fit for the Wales Management Succession Fund. The purpose of the fund is to support succession planning and provide funding for management teams to buy into the business and also suit owners looking for an exit strategy.
“Our investment in Camtronics will secure the future of the business in Blaenau Gwent. They have significant growth potential and we wish them every success.”
An opportunity has arisen to acquire a metal fabrication and installation company based in the East of England. The company benefits from a wealth of experience and has built a solid reputation throughout its 14-year trading history.
An opportunity has arisen to purchase a large-scale manufacturer of bespoke timber doors, fire doors and windows. With an impressive trading record this company caters to a large and diverse UK client base including local authorities, contractors, ma...
Opportunity to purchase a leading UK manufacturer of pressure relief equipment. The company’s commitment to standards of product quality and service has ensured a loyal international customer base across the UK, Europe and USA. Benefitting from 20 ye...
25
|
Apr
|
Scaffolding company Hi-Point Access raises funds following Gap acquisition | BUSINESS SALE
Sheffield scaffolding company Hi-Point Access has secured &p...
24
|
Apr
|
Malaysia's IJM buys a stake in London construction firm JRL | BUSINESS NEWS
IJM Corporation Berhad has bought a 50% stake in Borehamwood...
24
|
Apr
|
Training group Babington bought by PE-backed Knovia | BUSINESS SALE
Apprenticeship and training provider Babington has been acqu...
17
|
Jan
|
Management buy-in at historic Welsh engineering firm | MBO/MBI
Family-run engineering, fabrication and machining business A...
23
|
Dec
|
Westward turns up heat with management buy-out | MBO/MBI
Wales-based heating and electrical services company Westward...
25
|
Sep
|
Recruitment firm undergoes MBO | MBO/MBI
A recruitment business headquartered in Pontypool, South Wal...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.