Carclo looks to US growth with multi-million pound acquisition

WEST YORKSHIRE plastics manufacturer Carclo has acquired American company Precision Tool & Molding in a deal worth up to US$6.5m (£5.3m).

It has also announced a proposed placing to raise approximately £8m, which will be used to repay the short-term debt facility put in place to fund the deal.

The aerospace and supercar lighting manufacturers said the acquisition of the business, trading as Precision Tool & Die (PTD) will enhance the ability of the group to grow its US operations by extending its global offe... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...