Hampson Industries, the Dudley-based metals processing and precision engineering group, plans a 30% growth in turnover to £200m over the next two years, via an acquisitions blitz on the US aerospace industry.
Hampson made its first move last month with the acquisition of Pennsylvania-based Bolsan, manufacturer of peelable bonded laminated shims for the aerospace and industrial markets.
Hampson owns a similar manufacturer in the UK: Attewell, in Southall, Middlesex. The US buy is the first of what will be a series of moves to mirror Hampson’s UK portfolio in the US.
Hampson chief executive Chris Davies said further UK acquisitions were possible.
* Hampson will close its Aldec Scottish aluminium smelting plant at the end of this month, moving production to a new £4.4m plant at Willenhall near Wolverhampton. The move, which will add no extra capacity, is expected to cut production costs by 25%.