Cheddar-based engineering firm, Rotamec, has acquired a South Wales-headquartered motor rewind and repair company with the support of a finance package from NatWest.
Marking the beginning of an ambitious growth strategy, Rotamec’s acquisition of Pontypool Rewinds builds on the company’s goal to expand into new locations across the UK and become market leaders in critical parts engineering.
Founded in 2000 by current managing director, Simon Brooks, Rotamec delivers a range of engineering services to large companies across the South West of England, primarily within the food and drink sector.
The business, which employs more than 50 members of staff, will now operate across three sites in Cheddar, Exeter and its new location in South Wales.
Simon Brooks, managing director of Rotamec, said:
“The acquisition of Pontypool Rewinds is the first step in a larger growth strategy for Rotamec and will enable us to much better serve the area of South Wales and beyond as we aim to significantly grow the business.
“Since establishing the company in 2000, Rotamec has become one of the leading critical parts engineering firms in the South of England and we look forward to realising the full extent of our growth aspirations in the months ahead as we gear up for further acquisitions.”
Paul Grantham, senior relationship manager at NatWest, said:
“It has been a pleasure working with Rotamec and I am delighted to assist their growth strategy. Simon is doing a fantastic job with Rotamec and I am looking forward to seeing the business grow into a real success story in the sector. NatWest is proud to support such an ambitious company through our manufacturing proposition and we wish Simon and the team every continued success.”