Rockpool backs MBO of steel stencil foils manufacturer Datum Alloys
Rockpool has backed the management buyout of Datum Alloys, a steel stencil foil manufacturer in Europe and the USA. This is Rockpool’s 5th investment in the last twelve months and brings the total invested to over GBP400 million since the firm was established in 2011.
Datum Alloys (Datum) is based in Kingsbridge, Devon and was established in 1993. Datum provides precision stainless steel stencil foils to the electronics industry and is the leading supplier of its product in Europe and the USA. The company employs 32 people and has manufacturing facilities in Kingsbridge in the UK as well as Endicott in the USA.
The investment sees Rockpool become the majority owner of Datum, with the current management team also investing alongside Rockpool for a minority stake. The previous owner has fully exited the business to pursue other interests.
Pete Anniss, Managing Director of Datum Alloys, says: “We are excited to take Datum to the next stage as a business through driving the sale of our new products whilst continuing to provide the levels of service that our customers know and trust. Rockpool saw the potential in our business from the very beginning and their pragmatic approach throughout the process was key to completing the deal. We are glad to have their support and are looking forward to working with them over the coming years.”
Richard Morrison, Investment Manager, Rockpool, says: “Datum’s product is recognised as the highest quality in its market and the team have worked hard to build a loyal customer base through providing unparalleled levels of service. We’re looking forward to supporting management as they use Datum’s position in the market as a foundation to invest and grow their next generation of products.”