From left to right: Pre-Mets Steve Delaney, Martin Haywood, Lucie Long, Gerry Dunne and James Leng One of the UK’s leading metal pressings and stamping specialists has set its sights on growth after sealing its latest strategic acquisition.
Pre-Met, which operates from a 50,000ft
2 factory in Redditch, has purchased nearby Quality Springs & Pressings (QSP) in a deal that will help the company increase its market share in the automotive, construction, environmental and transport markets.
All 16 staff are being retained to take the total workforce to 60, with the transfer of production machinery and equipment to Pre-Met’s Studley Road site being completed over the next three months. The acquisition broadens the group’s capacity to include more wire form and spring manufacturing expertise, additional presses, as well as embedding new robot and manual welding capabilities, as it looks to increase revenues towards its targeted revenue milestone of £10 million.
Strategic moveJames Leng, managing director of Pre-Met, said: “This is a very important strategic move for our business and creates a host of exciting opportunities to offer our customers additional manufacturing processes and assemblies all under one roof. QSP has a fantastic track record and strong customer base, which was a major attraction for us, and we will only improve this through the support of our quality accreditation team, technical/design specialists and our comprehensive on-site tooling shop.”
He continued: “This is just the first deal. Over the next 12 months we will be embarking on an ambitious acquisition drive that will bolt on complementary manufacturing businesses that give us access to new technologies, new markets and new products.”
Operating from Redditch since 1973, Pre-Met originally made high-value pens, cufflinks and telecommunication parts, with today’s company evolving into a critical, quality-assured supplier to aerospace, mobility, medtech, construction, electrical and transport sectors, shipping its components to customers across the world.
Consistent investment in new technology and workforce development has seen it become a metal pressings and assembly specialist, offering a full product lifecycle from concept and design to prototyping and low, medium and high-volume production. The firm can also provide a tool transfer facility for companies looking to shorten supply chains or reshore work back to the UK.
Mr Leng concluded: “QSP’s parts are relied upon by globally renowned OEMs and 1st tier suppliers with operations both in the UK and overseas. We are now looking to extend our quality assurance accreditations to support us winning new business in the EU. As part of the deal, director Steve Delaney joins the Pre-Met leadership team to explore business development opportunities and strategic customer relationships. He has over 28 years’ experience in this arena and a comprehensive understanding of what customers require — this is a skill set I am sure will be very beneficial to the group.”