Product category:
Materials and components
News Release from: CommaTech (Leicester)
Edited by the Engineeringtalk Editorial
Team on 24 March 2005
Aerospace industry amalgamation
One of the UK's leading aerospace component suppliers has marked the purchase of a complementary Hertford business by a full scale rebranding.
One of the UK's leading aerospace component suppliers has marked the purchase of a complementary Hertford business by a full scale rebranding Leicester-based Cannon and Stokes has been a key supplier to the aerospace industry for more than 40 years
This article was originally published on Engineeringtalk on 6 Aug 2001 at 8.00am (UK)
Related stories
WaterClear 2001 Prototype Design Award sponsored
Accelerated Technologies is sponsoring the WaterClear 2001 Prototype Design Award showcasing design opportunities made possible by the recent release of DSM Somos 10120 WaterClear prototyping resin
Finalists in Prototype Design Award announced
Accelerated Technologies has announced finalists in the WaterClear 2001 Prototype Design Award competition, which showcases the design opportunities made possible by WaterClear resin
Cannon and Stokes' parent CommaTech Holdings has bought the assets and business of DDi Precision from the administrators of its parent company for an undisclosed sum.
The Leicester company, which has been renamed CommaTech (Leicester), supplies blue chip aerospace customers with a range of components and assemblies including complex prismatic components and turned rings.
The newly acquired precision manufacturing business, which was part of the European division of a US group, has been renamed CommaTech (Hertford).
Further reading
State of the art RP machine installed at bureau
Accelerated Technologies has installed an additional Objet Quadra rapid prototyping printer based on state-of-the-art ink jet printing technology
Move expands rapid prototyping capabilities
Accelerated Technologies has acquired a new and larger facility in Austin, Texas.
The Hertford business is well known in the aerospace world for specialist engineering, precision manufacture, fabrications and assembly.
Its customers include Goodrich Power Systems, Smiths Aerospace, Smiths Detection and Raytheon Systems.
The business operates from a modern and well equipped 5600m2 production facility in Hertford.
John Taylor, Chief Executive of CommaTech says that he can see real benefits from the deal: "Bringing the two operations together will mean that we can widen the scope of the assemblies that we supply".
"Broadening our skills base and our production capability means that we are now able to provide total solutions to customers and play a larger and more significant role in the supply chain".
"In addition to safeguarding 69 jobs at Hertford, we are already recruiting ten people and possibly more there".
"We will also be investing a further GBP 0.5 million on plant and equipment in Hertford in addition to the substantial investment we have planned for Leicester.
CommaTech (Hertford) will continue to be run by Managing Director Mark Campbell, who, along with his colleagues at Hertford, has taken a 10% stake in the business there.
Campbell commented: "The combined capability of the two businesses means that we will also be able to take advantage of production efficiencies and sales opportunities as we feel our combined product range is unique to the sector".
According to Taylor, CommaTech Holdings is looking at further potential acquisitions.
"We have a strategy of building the business through both organic growth and acquisition and we have the finance to make further purchases", he said.
Taylor points out that CommaTech (Leicester) has established a reputation for quality in the aerospace sector.
The business was a finalist in last year's Midlands Excellence Awards, narrowly missing out on the number one slot.
• CommaTech (Leicester): contact details and other news
• Email this article to a colleague
• Register for the free Engineeringtalk email newsletter
• Engineeringtalk Home Page
Search the Pro-Talk network of sites
