Investx has today announced the acquisition of Stroud based Norman Precision.
Norman Precision was founded in 1992 by Kevin Norman and since inception, the company has grown steadily to become one of the most respected precision engineering companies within the UK. Focusing mainly on aerospace and oil and gas markets, the business has built an enviable array of customers due to its first-class performance levels over the years consistently achieving >98% on time delivery and a virtually zero defect supply.
Leon Sloyan, Investment Director at Investx said "We are delighted to have added Norman Precision to the Investx portfolio. The business has develope d a first class operation, supplying its customers with the highest quality of service. This makes it an excellent addition to our engineering division."
“This acquisition will strengthen Norman Precision’s position in the market place through further investment allowing the company to develop and grow rapidly to the benefit of all our customers, suppliers and employees. Investx is not your typical investment company as they have many years of experience in manufacturing and are keen to grow their portfolio of companies within the engineering sector. We are delighted to be part of this dynamic group of companies with very ambitious and exciting expansion plans.” Kevin Norman, Managing Director of Norman Precision.
Click here for more information.
Peter Edgar, CFO of Investx, Kevin Norman, MD of Norman
Precision with Leon Sloyan, Investment Director of Investx
