Endless LLP completes the management buy-out of Sewtec1 September 2017
In August 2017 Endless LLP completed the management buy-out of Sewtec Automation, one of Yorkshire’s most successful and high-tech engineering companies.
Sewtec started life at the end of the 19th century as the design and development department of the Singer Corporation, the historic manufacturer of sewing machines. The business now designs and engineers automated manufacturing and packaging systems for a customer base of global blue chip companies. They rely on the team of 70 engineers to solve complex production and packaging challenges and meet the constantly changing demands of consumers and regulators around the world.
Sewtec is a market leader in its field and serves sectors including confectionery, food, pharmaceutical, personal care and tobacco. Exports make up 85 per cent of its sales. By investing in research and development and attracting, training and retaining some of the best engineering minds in the industry, Sewtec is very well placed to capitalise on the trend of increased automation in manufacturing.
Andrew Ross, Director at Endless, said:
“For a business of its size and location, Sewtec has an impressive list of multinational customers which trust and respect its team of highly skilled engineers to come up with innovative solutions to some very difficult problems. It is an inspirational Yorkshire success story and as a private equity house with headquarters in Yorkshire we are delighted to be supporting the management team at Sewtec with the next stage of its development.”
The management team of Gary Day, Karl Conqueror and Paul Johnson led the buyout with the backing of Endless to help the business grow and expand into new markets.
Paul Johnson, Sales Director, said:
“We are delighted to be working with Endless and look forward to an exciting future together. We have developed together a sustainable growth strategy that will allow the business to flourish further, while making sure that our employees remain engaged, satisfied and aligned with our vision.“