Kingswinford-based Clamason Industries has been the subject of a £5.4 million management buy-out.

The company — one of Europe’s leading manufacturers of precision-pressed products for the medical, power, consumer goods andautomotive sectors — is now set to boost its capacity, aided by funds from private-equity group Connection Capital.

Employing more than 200 people in Kingswinford and at a plant in Slovakia, Clamason supplies clients that include Delphi, Bosch, Visteon, Schneider Electric and Siemens.

Its components are also used in vehicles produced by Daimler, Volkswagen, Ferrari, Nissan, Volvo and General Motors.

Established in 1947, the company has a long record of sustained growth, and there are significant opportunities to expand and develop the business over the next few years, according to managing director Neil Geoghegan.

“This is a very exciting moment in Clamason’s history.

As we embark on the next stage of building our business, this investment will give us the financial scope to exploit growth opportunities with both new and existing clients.”