Project Ring

Business for Sale

Client FRP Newcastle

Details

Sale Type:

Businesses for Sale

Status:

Active

Gordon Brothers is pleased to announce an opportunity to acquire the shares or business and assets of a high-quality, complex machined component subcontractor with an enviable reputation and sold customer base.

Company Overview

  • Established in 2006, Ring is a subcontract machine shop providing low to medium volume, high precision, complex engineered components to global OEM's and regional manufacturers.
  • Ring primarily operates from 16,000 sq ft leasehold premises in the North of England with a break available in April 2013.
  • 40 skilled full time permanent employees

Opportunity Highlights

  • Diverse customer base spread across multiple sectors including Oil & Gas, Defence, Aerospace, Rail, Energy and Medical.
  • Accredited to AS9001 Rev D
  • Strong sales pipeline and current order book value in excess of  £630k.
  • Well invested production facilities including:
        - CNC Milling - 3, 4 and 5 axis up to 3000 x 800 x 720;
        - CNC Turning - up to 2200 x 580 OD; 
        - CNC Grinding - cylindrical, profile and thread grinding. Range up to 350 OD and 330 ID x 1000
        - In-house surface treatments for Alocrom 1200 and SurTec 650.
  • Experienced working across a wide range of exotic materials.
  • Ability to operate as a stand-alone facility and/or secondary site with capacity to accommodate further turnover.

Process

  • All correspondence in relation to this opportunity should be directed to FRP as detailed overleaf.
  • FRP is requesting indicative proposals by no later than 5pm (GMT) on 1 September 2021 with the view to completing the transaction within the shortest duration thereafter.
  • Further information can be obtained following completion of a non-disclosure agreement.

Bidding Close Date:
Wednesday, September 1, 2021 from 5 PM BST

 

For further information, please contact:

Shaun Hudson
Tel: +44 (0) 7484 040 615 | E-mail: shaun.hudson@frpadvisory.com

Allan Kelly
Tel: +44 (0) 7921 921 400 | E-mail: allan.kelly@frpadvisory.com