The Corby-based tool maker Keencut (www.keencut.com), which makes precision cutters for the digital print industry, has been acquired by Constant Equity, which has taken a majority stake in the business and will bring in new directors to drive its growth plans.

The deal will also support the launch of new Keencut products and a focus on overseas sales.

Constant Equity director Paul Moxon said: “Keencut is a great British success story. It has a world-leading brand that is based on innovative design and top-quality manufacturing.

“With smart investments in growth areas, we believe the business is well-placed to boost its presence on the world stage.”

Mr Moxon, who will be chairman of Keencut, will be joined on the board by marketing specialist Phil May and operations director Emma Lockwood. Constant Equity was set up in October 2016 to invest in manufacturing and industrial companies in the Midlands and East Anglia with annual sales from £2 million up to £10 million.