NC Precision Extends Expromet’s Range Of Precision Engineered Solutions
The Corporate team at law firm Irwin Mitchell has advised precision casting and machining group Expromet Technologies Group on its acquisition of NC Precision.
Based in Chard, Somerset and established in 1999, NC Precision is a leading manufacturer of precision components specialising in CNC sliding head machining and miniature machining for a wide range of industry sectors.
Expromet Technologies Group is a privately-owned precision engineering group that also owns Investacast, a global supplier of investment castings, pressure die castings and forgings; and Haworth Castings, a specialist in manufacturing sand and gravity die castings. Metaltech Precision is another Expromet group company and it is based within a few miles of the newly acquired business.
The deal represents a further step in the development of Expromet as a leading group of advanced precision casting and machining businesses, delivering world-class engineering solutions for performance-critical applications.
Nick Dawson and Matt Smith from Irwin Mitchell’s Corporate team in Birmingham advised Expromet on the deal.
Expert Opinion“We advised Expromet Technologies Group on its acquisition of Metaltech Precision last and we are delighted to support the business on its latest deal. The business is in a strong position to grow and the synergies with Metaltech and the cultural fit with the wider group will I’m sure provide a solid platform for future expansion.” Matt Smith - Senior Associate Solicitor
Alistair Schofield, CEO of Expromet, commented: “We are delighted to welcome NC Precision to the group, and to further extend the substantial range of precision engineered solutions that we are able to offer our diverse customer base. As a specialist in sliding head machining, NC Precision is a logical fit for the group and there are strong synergies between NC and our existing business Metaltech Precision.”
Ian Gaskell, Managing Director of NC Precision, said: “Expromet is the right fit for us, as it is a part of a progressive engineering group that shares our ethos and commitment to our valued customers and employees. I am confident that, as part of Expromet, NC Precision will continue to thrive and will further strengthen its position as the leading specialist in sliding head machining. Mandy and I very much look forward to working with Alistair, Andy and their wider teams in the near future.”