This interesting manufacturing business, a combine of a business trading for over 100 years and another established in 1999, is a specialist in tube-forming processes, manufacturing components with diameters down to less than 1 mm and in the supply of wear parts for the root crop industry. The company supplies customers across a wide range of industries with aerospace and agriculture being of particular interest.
The vendor is now ready to sell the business as a move towards his next business project.
The owner has no direct involvement in the business, but spread across two locations, the business has some 16 full-time, mostly long-established employees, including a Commercial Manager and 2 Team Leaders who handle the day-to-day activity in the factories.
In addition to aerospace and agriculture, the company has customers operating in automotive, engineering, leisure, and healthcare sectors. Over the whole business its top customer accounts for about 8% of sales and the top 20 for around 60%. The Company has an excellent track record of keeping customers over many years.