The management buyout of Rhondda Cynon Taf-based Printing Components has saved 20 jobs, with the help of a financial package from HSBC UK.
The company will continue to operate from its Aberdare hub after being bought by local entrepreneurs Lisa Cook and Gareth Arlow, who also own Cwmbran-based business Just Rollers.
The duo, who have a 25-year working relationship with Printing Components, agreed to buy the organization after its current owners planned to retire.
Founded in 2009 by Paul Davies and Dr Meirion Rees, Printing Components provides engineering services to the printing, agricultural and machinery industries, including the production of parts for mini excavators and agricultural sprayers. The activity remains focused on the manufacture of printing rollers.
The takeover allows both companies to benefit from a more collaborative approach in the future, ensuring an uninterrupted supply of products ranging from printing components to Just Rollers.
Lisa Cook, Director of Printing Components, said: “Gareth and I have worked closely with the Printing Components team for decades, so we jumped at the chance to ensure the continuity of both businesses and support the decision. of Paul and Meirion to enjoy a well-deserved time. retirement.
“This would not have been possible without the help of HSBC UK, namely Ryan Pope and Mark Hewitt, and Simon Tee at Kilsby & Williams. The agreement allowed us to secure and provide permanent employment to the 20 people at Printing Components, and support additional work for the surrounding area through subcontracting and material suppliers.”
Zena Perry-Hartle, Regional Director of Business Banking Wales at HSBC UK, added: “This is a great opportunity for two well-run businesses to grow and provide security for local jobs. The new owners have the passion and drive to take both businesses forward and continue to grow, and I look forward to seeing them continue to thrive in the future. »