Machine Shop - Business wanted

Description

Long-established manufacturing group based in the Midlands and listed on the AIM market. The group 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. It is seeking to acquire a precision machining business with experience of precision turning of parts up to 10 kg. Capable of volume manufacturing in cast iron. Capability to supply to automotive industry standards. Located within a manageable reach of the Midlands. Turnover in excess of £1m with potential for significant expansion on the current site.

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