KBS Corporate successfully completed the deal for the Birmingham based engineering firm that was acquired by Walsall Pressings, specialists in the design, development and manufacturing of technical metal presswork, robotic welding and mechanical assemblies for customers across a diverse range of market sectors including automotive, communications and domestic appliances.
DRB Engineering, a highly regarded and well respected company, which operates through two divisions and has an annual turnover of £6 million.
The company has extensive experience in supplying to consumer electronics and industrial products manufacturers and serves a high end blue chip customer base.
They have previously worked with Xpelair, Redring, Baxi and Panasonic and built relationships in the automotive industry working with a variety of companies including Nissan, Toyota, Jaguar, Land Rover and Bentley.
The deal attracted a high volume of competition in a short period of time following 11 buyer meetings, which led to four offers from majority management buy in candidates directly involved in the engineering sector.
Competition played a major part in influencing the value of this deal – which saw a wide range of buyers being introduced to the process – until the business was sold to a trade buyer, Walsall Pressings, a £30 million turnover business.
This West Midlands based business specialises in technical metal presswork, robotic welding and mechanical assemblies for a range of customers from several market sectors including automotive, communications and domestic appliances.
The buyers aim to capitalise on the projections of sustained growth within the automotive industry and hope to build upon DRB’s heavy investment in technological resources and trained staff.
The combined entity of both companies will offer significant strategic advantages over other industry competition, providing huge potential for further leverage and growth.
KBS Corporate has access to a history of acquisitions allowing us to gain an insight into any industry sector, which means we will always try to target highly acquisitive acquirers during our search for your optimum buyer.