The management buyout of Rhondda Cynon Taf-based firm Printing Components has safeguarded 20 jobs, with the help of a finance package from HSBC UK.
The company will continue to operate from its Aberdare hub after being purchased by local entrepreneurs, Lisa Cook and Gareth Arlow, who also own Cwmbran-based business Just Rollers. The duo, who have enjoyed a 25-year working relationship with Printing Components, agreed to purchase the organisation after its existing owners made plans to retire.
Established in 2009 by Paul Davies and Dr Meirion Rees, Printing Components provides engineering services to the printing, agriculture and machinery sectors, including the production of parts for mini-diggers and crop sprayers. The business focus remains on the manufacturing of printing rollers.
The buyout allows the two companies to enjoy a more collaborative approach in future, ensuring an uninterrupted supply of products from Printing Components to Just Rollers.
Lisa Cook, Director at Printing Components, said: “Gareth and I have worked closely with the team at Printing Components for decades, so we jumped at the opportunity to ensure continuity for both businesses and support Paul and Meirion’s decision to enjoy a well-deserved retirement.
“This would not have been possible without the help of HSBC UK, namely Ryan Pope and Mark Hewitt; as well as Simon Tee at Kilsby & Williams. The deal has enabled us to secure and provide ongoing employment for the 20 people at Printing Components, and support additional work for the surrounding area through subcontracting and material suppliers.”
Zena Perry-Hartle, Area Director of Business Banking Wales at HSBC UK, added: “This is a great opportunity for two well-run businesses to grow and ensure the safety of local jobs. The new owners have the passion and drive to take both businesses forward and continue to expand, and I look forward to seeing them continue to thrive in the future.”
