Pressmark celebrates MBI anniversary with £2 million sales boost

Pressmark

An Atherstone-based metal-forming specialist is celebrating a major transformation in fortunes just one year after a Management Buy-In (MBI) was completed with a sales boost.

Pressmark Pressings, which provides high volume components for automotive manufacturers was bought by management team Alan Gardner, John Nollett and Les Wilkins in July 2016 after they spotted an opportunity to turn around one of the sector’s most under recognised businesses.
Backed by their own cash injection and funding from ABN AMRO and Cambridge and Counties Bank, the trio have used their knowledge and contacts to put in place a number of new processes that has seen it secure more than £2 million of additional contracts to supply pressed parts and sub-assemblies that will be used in new models for Honda and Nissan.