A precision engineering firm in Hinckley has acquired one of its main suppliers.
H2M Engineering Limited, which is based in Hinckley and specialises in producing machined components, has purchased Accurate Grinding Limited.
Law firm Wright Hassall acted on behalf of H2M Engineering Managing Director Andy Forryan and Production and Engineering Director Martin Forryan to acquire the business.
Accurate Grinding Limited, which was based in neighbouring Barwell, operates grinding machines to grind, shape and finish metal components and has now re-located to the H2M Engineering site.
H2M Engineering produces and assembles components for a range of industries including aerospace, autosport and gas generation across the UK.
Penelope Sankey, of Wright Hassall, acted on the acquisition, with the corporate finance advice provided by Greg Philp and Holly Andrews, of Horizon TAS.
Penelope said: “We are extremely pleased to complete this acquisition on behalf of H2M Engineering as the business looks to expand its offering.
“This deal has seen H2M acquire one of its key suppliers, enabling it to bring everything under one roof and offer an expanded range of products to its clients.
“It is always very positive to be able to support a growing business, and we wish H2M Engineering every success for the future.”
Greg Philp, of Horizon TAS, said: “We worked closely with H2M Engineering, as well as a team of other local advisors, to make sure the deal was structured in a way that worked for everyone—financially, legally, and personally.
“It’s been fantastic to see two local businesses with shared values come together, and we’re excited to watch them grow side by side in the future.”
