Acquisition of Scottish plastic component manufacturer Jet Engineering / Expanding Machined Parts division
As part of the ongoing expansion plans of its Machined Parts division, Ensinger
(Nufringen / Germany; www.ensinger-online.com
) in early August announced that it had acquired plastic component manufacturer Jet Engineering
(Glasgow, Scotland / UK; www.jetengineering.co.uk
). Financial details of the deal, which reportedly was fixed on 10 July already, were not disclosed. Founded in 1994, the Glasgow-based company turns out plastic parts for the offshore, subsea, material handling, electronics and medical sectors at its 650 m2
Under the terms of the deal, Jet Engineering will retain its name and continue to be run by previous owners Jim Wallace
and David Hendry
. The company is to be integrated into Ensinger’s machining business, which already comprises Ensinger Precision Engineering
in Wales as well as Trig Engineering
in Tonyrefail – both in the UK.
A family-owned enterprise, Ensinger employs 2,000 workers across 26 different sites. The group last posted sales of EUR 330m, generated from the development, manufacture and sale of compounds, semi-finished materials, profiles and technical parts.