Pre-Met, a Redditch-based manufacturer specialising in metal pressings and stampings, has taken a major step forward in its growth journey with the acquisition of Quality Springs & Pressings (QSP). The deal signals the beginning of an ambitious expansion strategy aimed at enhancing the company’s service offering and increasing its market footprint.
Expanding Capabilities and Workforce
With the integration of QSP, Pre-Met gains valuable expertise in wire form and spring manufacturing, allowing the company to deliver a more comprehensive range of engineering solutions. As part of the agreement, all 16 employees from QSP will be retained, bringing Pre-Met’s total workforce to 60.
Over the next three months, QSP’s production machinery and operations will be relocated to Pre-Met’s 50,000 sq ft facility in Redditch, centralising the expanded manufacturing capabilities under one roof.
James Leng, Managing Director of Pre-Met, commented:
“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.”
Leadership and Growth Vision
Joining Pre-Met’s leadership team as part of the acquisition is Steve Delaney, former Director of QSP. He will play a key role in developing business opportunities and strengthening long-term customer relationships across existing and emerging markets.
The acquisition marks the first step in Pre-Met’s longer-term strategy to grow through further acquisitions within the next 12 months. The business is focused on targeting complementary companies with innovative technologies and products to expand its capabilities and reach a revenue target of £10 million.
Market Reach and Industry Impact
Pre-Met intends to leverage this acquisition to expand its footprint in the automotive, construction, transport, and environmental sectors. By incorporating additional manufacturing processes and extending its quality assurance accreditations, the company aims to secure new contracts across both the UK and European markets.
Professional Support and Transition
The acquisition was facilitated with the support of legal and financial advisers, including Higgs LLP, Kreston Reeves Accountants, and Metro HR, ensuring a smooth legal and financial process throughout the acquisition.
This strategic acquisition underscores Pre-Met’s commitment to growth and excellence in the manufacturing sector, setting the stage for a dynamic expansion in the coming years.