Precision Micro is Europe’s market-leading photo-chemical etching supplier, with roots dating back to the early 1900s.
Operating from its state-of-the-art processing plant in Birmingham, Precision Micro manufactures more than 50 million high-precision metal components each year for major global manufacturing customers across multiple markets.
In April 2018, LDC backed the £22.5m management buyout of Precision Micro from global aerospace, defence and energy group Meggitt plc.
As part of the deal, we invested £13m of equity for a significant stake in the company, supporting a management team led by Managing Director Ian McMurray.
Our partnership with Precision Micro won SME Deal of the Year at the Midlands Dealmaker Awards in September 2018.
Precise growth strategy
With our backing, the management team has been able to drive forward with its organic growth strategy. Precision Micro will continue with its strategy with the full automation of the front-end of its manufacturing process.
The installation of an automatic laminator, buffer system, exposure unit and sheet unloader will lead to a significant increase in throughput, contributing to future business growth for the company.
Securing the backing of an experienced and supportive partner like LDC means we can invest further in the business, leveraging our unrivalled technical expertise and processing capabilities to further support our customers around the world with increasingly sophisticated requirements.
This is an exciting time for our team as we invest in our future growth.”
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