Pressac acquisition

Electronic components manufacturer Pressac has bought Scottish plastic moulder Smith for £24m. Smith makes high-precision mouldings for the mobile phone industry and had a turnover of £12m last year. All 300 employees will remain under the new ownership. Pressac said the acquisition would allow it to sell Smith’s products into its wider customer base, adding […]

Electronic components manufacturer Pressac has bought Scottish plastic moulder Smith for £24m.

Smith makes high-precision mouldings for the mobile phone industry and had a turnover of £12m last year. All 300 employees will remain under the new ownership. Pressac said the acquisition would allow it to sell Smith’s products into its wider customer base, adding to its existing range of components and accelerating its push into the fast-growing mobile market.