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News Release from: Jones and Shipman Precision
Edited by the Manufacturingtalk Editorial
Team on 29 December 2006
UK grinding machine manufacturer sold
Manufacturer of manual and CNC surface and cylindrical grinding machines, Jones and Shipman, has been acquired by the Precision Technologies Group.
Manufacturer of manual and CNC surface and cylindrical grinding machines, Jones and Shipman, has been acquired by the Precision Technologies Group The acquisition was backed by Venture Private Equity (VPE) and Ferranti Capital
This article was originally published on Manufacturingtalk on 31 Aug 2001 at 8.00am (UK)
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The deal involved the acquisition of the former Renold Precision technologies Division that consisted of Jones and Shipman (J and S - a manufacturer of precision grinding machines), Edgetek (a manufacturer of superabrasive machine tools) and Holroyd (a manufacturer of specialist rotors and gear cutting machine tools).
At a December, 2006, management meeting held at J and S, VPE and Ferranti outlined their plans to develop an international group of precision machine tool manufacturing companies.
VPE and Ferranti specialise in investing and developing precision engineering and manufacturing companies.
Ferranti's investment model also involves the merger of western and Chinese businesses to create leading global companies that are capable of dominating their market sectors.
Adrian de Ferranti of Ferranti Capital mentioned: "We are extremely pleased to acquire Jones and Shipman and are now eager to develop and grow the business internationally.
J and S' brands and products are already recognised and positined in many high growth markets.".
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