Mon, 19 Jun 2017 | MBO/MBI
A Leicestershire-based aerospace components maker is searching for acquisition opportunities in the United States after their sales reached a record high last year – jumping by 46 per cent in the company's last full financial year.
Sigma Components, which was part-bought by Anthony Bidco Ltd in May 2016, has apparently been targeting the US market for years.
"The company has been looking at moving into the US for a number of years but the previous owner was not able to put up the financial backing.
"We had a mature conversation with them and we agreed that it was time for Sigma to be backed by a new company that had deeper pockets. Now it’s all about building, building, building over the next 12 months."
Sigma's founder and chief executive Mark Johnson added that expanding into Europe may be another consideration for the future.
"I also want to diversify the business as at the moment our sales are 65 per cent engines."
Johnson attributed the company's growth hopes to their recent successes: "It has been a fantastic year for us. That is partially down to us acquiring Rolls-Royce’s pipe-making business in Nuneaton and a lot of our programmes have had a successful year and are experiencing rapid growth."
The purchase of Rolls-Royce was followed by a £650,000 investment in a brand new facility in China.
"We have invested more than $1m across our manufacturing facilities in the UK and in China and added an extra 80 jobs in the UK and 60 in Chengdu," Johnson added.
Subscribe to the Business Sale Report here
The company offers a well-regarded own brand of hair care products focusing on hair growth and repair, featuring premium formulas that are natural, vegan, and cruelty-free. With a strong global presence and prestigious industry awards, the business h...
This business offers a cutting-edge process safety management platform with proprietary software that ensures proactive safety measures for both onshore and offshore assets. With a strong foothold in the oil and gas sector and recent expansion into i...
This business offers a comprehensive range of road surfacing and civil engineering services, supported by significant investments in state-of-the-art equipment and a recently acquired operational site in Scotland to optimise efficiencies. With robust...
03
|
Jul
|
Energy services firm completes third acquisition | BUSINESS SALE
Energy services firm Earnz plc has completed its third acqui...
03
|
Jul
|
Newcastle life sciences firm falls into administration and ceases trading | ADMINISTRATION
AMLo Biosciences, a life sciences firm based in Newcastle, h...
03
|
Jul
|
Matthew Freud exploring possible sale of eponymous PR consultancy | BUSINESS SALE
Leading public relations executive Matthew Freud (pictured) ...
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.