Private equity firm Rockpool Investments has backed the management buyout of Datum Alloys, a steel stencil foil manufacturer, with the acquisition of a majority stake.
The current management team are investing alongside Rockpool for a minority stake.
Datum was established in 1993 and provides precision stainless steel stencil foils to the electronics industry. It is based in Devon with manufacturing facilities there and in the US, and is the leading supplier of its product in Europe and the US.
Pete Anniss, Managing Director of Datum Alloys, said: “We are excited to take Datum to the next stage as a business through driving the sale of our new products whilst continuing to provide the levels of service that our customers know and trust. Rockpool saw the potential in our business from the very beginning and their pragmatic approach throughout the process was key to completing the deal.”
Richard Morrison, Investment Manager at Rockpool, added: “Datum’s product is recognised as the highest quality in its market and the team have worked hard to build a loyal customer base through providing unparalleled levels of service. We’re looking forward to supporting management as they use Datum’s position in the market as a foundation to invest and grow their next generation of products.”