Injection moulding specialist expands with counterpart acquisition
A Derbyshire-based injection moulding specialist has expanded its capabilities in precision manufacturing and supply by acquiring a Bedfordshire counterpart.
The deal was supported by a £2m funding package from Arbuthnot Commercial Asset Based Lending (ACABL) to Ashbrook Group for its acquisition of Webb Injection Moulders.
It includes a confidential invoice discounting line and a Growth Guarantee Scheme (GGS) loan facility for Webb Injection Moulders, along with additional funding for Cranfield Solutions, another business in the group.
Webb Injection Moulders, based in Biggleswade, produces plastic and rubber moulded components and oversees the entire process, from design to production and delivery.
Leon Edwards, executive chairman of Ashbrook Holdings said: “We’re looking to create a group of similar businesses that are geographically spread, operating in different sectors with skills that we can share across the group. We will solidify the injection moulding business first, then look at adjacencies like joinery or metal fabrication.
“The beautiful thing about Arbuthnot Commercial ABL is they think about the deal – and genuinely want to get it done. You can have an honest conversation, tell them the facts, and get open communication in return. Our position is not to go around the market, we want to build with Arbuthnot. In fact, I spoke to them about the next opportunity only this morning.”
Andrew Rutherford, commercial director at Arbuthnot Commercial ABL said: “We were delighted to support Leon and Richard with this strategic acquisition. This transaction brings together two highly complementary businesses in the precision moulding sector, creating significant opportunities and strong operational synergies.
“Completing this transaction on Christmas Eve demonstrates our team’s commitment to getting deals delivered with speed and certainty, particularly given the very tight timeframes involved. We look forward to partnering with Ashbrook Group on future acquisitions as they continue to drive scale.”
