Birmingham-based precision stamping specialist Brandauer has been purchased by its management team with the vision of creating a world leading precision engineering specialist. Current CEO Rowan Crozier, manufacturing director Stuart Berry and non-executive director David Chapman have joined forces to buy the company, with the trio immediately laying out a 10-year plan that will initially drive annual sales to £12m by 2029.

Financed by HSBC, the deal will ensure the company remains in UK ownership and in a strong position to explore opportunities associated with its tooling, stamping, R&D and newly founded consultancy service. More than 20 new jobs could be added to Brandauer’s existing 64-strong team when the vision is realised.

More information www.brandauer.co.uk