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Law firm Ashfords LLP has advised on the management buyout of steel stencil foils manufacturer, Datum Alloys, to private equity firm, Rockpool.
Datum Alloys, based in Kingsbridge, provides precision stainless steel stencil foils to the electronics industry and is a large supplier of its product in Europe and the US. The company employs 32 people and has manufacturing facilities in Kingsbridge in the UK as well as Endicott in the USA.
This is Rockpool’s fifth investment in the last twelve months and brings the total invested to over £400m since the firm was established in 2011.
The investment sees Rockpool become the majority owner of Datum, with the current management team also investing alongside Rockpool for a minority stake. The previous owner has exited the company to pursue other interests.