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.
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