A six-figure funding package from the Royal Bank of Scotland has helped to support the acquisition of Bryn Precision (formerly SZ Gears) by Caerphilly-based firm JR Gilbert Engineering. Since a management buy-in that took place in 2012, directors Nick Robbins and Colin Beavis have expanded the business significantly from employing three staff to 33, while turnover has risen from £240,000 to £1.5m in the past five years.
The acquisition of Bryn Precision has secured six jobs and resulted in the recruitment of two new members of staff. Operating from a 10,000 sq ft site in Blackwood, Bryn Precision not only expands the JR Gilbert Engineering business but strengthens its offering with the addition of a niche gear-cutting facility. JR Gilbert now has the ability to produce a range of gears, sprockets, splines, rack and pinion sets.
For further information www.rbs.co.uk/corporate