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

Movable Art Display Walls Design & Manufacture
Wiltshire, UK Wide

Blue Chip Client Base. Full Range of Display Systems. Limited Industry Competitors. Solid Platform for Growth. Offers invited.

Asking Price: Offers Invited
Turnover: £403,159

LEASEHOLD


Home Improvement Products Manufacturer & Supplier
Suffolk, UK Wide

Well-established and longstanding. Domestic and commercial private clients. Minimal competition and overheads. Huge growth potential. Leading UK company. Large proportion of recurring revenue. Offers invited.

Asking Price: £500,000
Turnover: £607,079

RELOCATABLE


Exhibition Stands Design & Manufacturer
Kent, South East, UK

A unique company specialising in design and manufacture of bespoke exhibition stands across the UK and Europe. Since its incorporation in 2016, this company has quickly developed into an established, award winning company entrusted with exhibition pr...

Asking Price: £350,000
Turnover: £700,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
13
 
Sep
 

AFH Financial Group acquires two firms for £7.2 million | BUSINESS SALE

AFH Financial Group, a listed wealth management firm headqua...

 
12
 
Sep
 

Lucid Group completes acquisition of North West-based healthcare consultancy | BUSINESS SALE

Healthcare communication specialists, Lucid Group, has succe...

 
11
 
Sep
 

Controversial green energy firm goes bust and forced to appoint administrators | ADMINISTRATION

A small energy supplier providing green energy to 29,000 hou...

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