Wright Industries makes second investment in as many months
BURTON-based Wright Industries has sealed its second investment deal in as many months.
The company, which invests and supports businesses operating within the light manufacturing and technology sectors, has signed a deal with Pure Electronics, a PCB and international electronic supply chain specialist, that will see Wright Industries chief executive Craig Wright, join the board as chairman.
The timing of this investment – the amount of which has not been disclosed – comes at a time when Pure Electronics is seeing exponential growth as a result of the increased demand for electronic manufacturing skills and high technology capacity and capability.
The Chippenham-based business, which was formed by managing director Justin Olejnik in 2011, builds innovative supply solutions for companies operating within a number of marketplaces including secure telecommunications and data communications, as well as medical and defence.
Olejnik said: “Since its inception almost 12 months ago, Pure Electronics has developed a reputation as one of the UK’s fast growing electronics supply chain businesses, with its global supply chain operations recently being instrumental in gaining further significant contracts in the secure communications sectors.
“With the addition of Craig to our board, we have a robust offering, backed by considerable experience, that will help us realise the potential the business has.”
This investment is the second for Wright Industries, after it added Andover-based Custom Interconnect Limited to its portfolio in December.
Craig Wright said: “Wright Industries is focused on retaining and building UK light industrial technology and manufacturing businesses with growth potential under UK management and ownership.
“The quality of both production and innovation within the UK electronics market is world class and Pure Electronics fits our key criteria as a supplier of mission critical PCB and electronic component technologies at lowest total cost through sustainable and ethical international supply chain solutions.”
