Welsh electronics manufacturer acquired in a management buyout

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.”


Share this article



Latest Businesses for Sale

Industrial Parts Distribution
UK Wide

This business has established a strong brand within its market place in over 20 years of trading. The owners have built a strong team to operate the business on a day to day basis. Offers invited.

Asking Price: Offers Invited
Turnover: £5,000,000

LEASEHOLD


Glass Manufacturer
Scotland, UK

Designer and manufacturer of bespoke glass products such as splashbacks, shower enclosures, balustrades, staircases, curved glass, mirrors, reception desks, worktops, tables and giftware. Extensive in-house design and glass manufacturing capabilities...

Asking Price: Offers Invited
Turnover: £640,000

LEASEHOLD


Electrofusion Welding Machines Design & Supply
UK Wide

Utilises state-of-the-art machinery and considerable in-house expertise to develop highly effective and reliable products. Globally recognised brand, with an excellent reputation. Offers invited.

Asking Price: Offers Invited
Turnover: £8,800,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Nov
 

UK government set to approve Cobham takeover | BUSINESS SALE

The British government is poised to approve the $5 billion t...

 
18
 
Nov
 

Kitwave acquires Alpine Fine Foods | BUSINESS SALE

Independent wholesaler Kitwave has acquired Alpine Fine Food...

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
25
 
Sep
 

Recruitment firm undergoes MBO | MBO/MBI

A recruitment business headquartered in Pontypool, South Wal...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources