I have written blogs and articles before on the advance of 3D printing and what it could mean for manufacturing in all kinds of sectors. The new Airbus A350 XWB (unveiled last year) has about 1,000 3D printed components. 3D printing is clearly no longer a novelty manufacturing process and it has the potential to transform the aerospace industry supply chain and cost structure, producing lighter parts faster with less waste. Currently, the components are mostly widgets and brackets, small routine parts rather than large structures. The size of the part is limited by the size of the printer so it is difficult to imagine a machine large enough to make an airframe, but wider applications seem to be a distinct short term possibility.
But clock the latest advances. Scientists in the US have been using 3D printing to create living body parts with sections of bone, muscle and cartilage all functioning normally when implanted into animals. Move over Dr Frankenstein!!
Seriously though, this technology has the potential to disrupt many industries and there is significant funding being made available in the sector. Rosebud Finance and the North West Fund have recently invested additional money in an East Lancashire business to finance its rapid growth. It seems the possibilities are only limited by the boundaries of imagination.
If you are thinking of investing in new technologies and need pointing in the direction of funding, then give one of the Corporate Finance team a call on 01254 679131 and ask to speak to Jim Akrill or Tim Mills or contact me directly at firstname.lastname@example.org.
Jim Akrill – Corporate Finance Partner
At PM+M, we like to hear what our clients think about our services. Recently, we invited Tony Attard of Panaz, who we have been working with since they began trading almost 30 years ago, to talk about his experience.
Panaz first started using PM+M for their accounts and audit and as they have grown, Panaz started to use more of the services we have to offer, such as managing their payroll and pensions.
Here is Tony speaking about his experience with PM+M:
For a look at what more of our clients have to say about PM+M click here.
Daniel Hill – PM+M Marketing Team
Blackburn-based manufacturer, Partwell Holdings, which specialises in cutting technology, CNC machining of plastic parts and the manufacture of food cutting surfaces, has acquired Essex-based competitor, SJH Row and Sons.
Row is a long-established business specialising in the manufacture of cutting surfaces for the food industry.
Partwell started trading in 1979. This latest acquisition takes staff numbers to 39 and is evidence of their continued growth and market expansion.
Jim Akrill, Corporate Finance Partner at PM+M, advised Partwell on the deal. He said: “This was an excellent strategic move for Partwell. Row is a brand leader in its sector. The acquisition opens up new markets for Partwell and introduces complementary product lines. The combined entities will have greater critical mass leading to enhanced future prospects.”
Legal adviser to Partwell was Blackburn-based commercial firm, Taylors. Corporate Partner, Stephen Jarman, said: “It was a delight to be able to help Partwell acquire such an historic, but still very relevant, company as SJH Row. One hundred and thirty years of trading history did throw up some problems, but we were able to overcome them. We wish Ashley and Partwell all the best with the new acquisition.”
MD at Partwell, Ashley Bradburn said “It has been a pleasure to work with PM+M and Taylors, whose input played a crucial role in ensuring the transaction went smoothly and was completed within our timeframes.”
Senior debt was provided by HSBC with additional working capital from North West Fund for Loans Plus, managed by FW Capital.