Expromet acquires NC Precision
LEADING CASTING AND MACHINING GROUP STRENGTHENS CUSTOMER SOLUTIONS WITH NEW ACQUISITION
Ilfracombe, Devon – UK precision casting and machining group Expromet Technologies Group has acquired NC Precision, a leading manufacturer of precision components specialising in CNC sliding head machining and miniature machining for a wide range of industry sectors. NC Precision is based in Chard, Somerset just a few miles from Expromet group company Metaltech Precision.
The acquisition 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.
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.”
Andy Riste, Managing Director of Metaltech Precision, said:
“I would like to thank owners Ian and Mandy Gaskell for working closely with us on this transaction. The acquisition increases our portfolio of sliding head machines to 13 and extends our capacity to offer micro machining of miniature components. I look forward to collaborating with Ian, Mandy and the wider NC Precision team as we continue to develop the business within the Expromet group.”
Ian Gaskell, Managing Director of NC Precision, commented:
“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.”
NC Precision is a specialist CNC sliding head machining company established in 1999 to create a centre of excellence for CNC Sliding Head Turning. The company has gone on to become one of the UK’s leading precision machining companies, renowned for high precision and producing complex components from 0.5mm to 35mm diameter for demanding end applications by its diverse customer base.
EXPROMET TECHNOLOGIES GROUP
Expromet Technologies Group is a privately-owned precision engineering group. The group also includes Investacast, a leading global supplier of investment castings, pressure die castings and forgings with a manufacturing base in Ilfracombe, Devon; Haworth Castings, a specialist in manufacturing fully-tested, machined and finished sand and gravity die castings located in Romsey and Basingstoke, Hampshire; and Metaltech Precision, a leading manufacturer of high precision CNC turned, CNC milled and fabricated assemblies based in Chard, Somerset.