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Corporate Finance Deal - Expromet Technologies Group
3rd February 2021
Expromet Technologies Group has expanded with the acquisition of Somerset based manufacturer of precision components, Metaltech Precision Ltd. Metaltech has extensive capabilities in CNC turning, milling, fabrication and welding, and makes components for demanding industries such as energy, scientific instruments, pump and valve, aerospace, defence, rail and marine.
Metaltech was founded in 1973 and operates from a 50,000 sq ft factory on its four-acre site in Chard.
Expromet Technologies Group is a privately-owned precision engineering group that owns Investacast, a global supplier of investment castings, pressure die castings and forgings, with a manufacturing base in Ilfracombe; and Haworth Castings, a specialist in manufacturing sand and gravity die castings, located in Romsey and Basingstoke, Hampshire.
Bishop Fleming provided corporate finance services to Expromet including financial and tax due diligence.
Charles and the team at Bishop Fleming’s flexible and pragmatic approach and advice made them an invaluable partner on the transaction. Challenging our assumptions and supporting our case as and when required, throughout the due diligence and negotiation process.
Dan Jones, Group Finance Director, Expromet Technologies Group Ltd.
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