Altec Acquires Ronco Engineering Ltd
Date Added 30/07/2015
Altec's first investment since securing £6m of funding from BGF (Business Growth Fund) is the acquisition of neighbouring business Ronco Engineering.
Ronco Engineering, is a precision engineering company based in Tanfield Lea, County Durham. Founded in 1992, it provides CNC manufactured parts to a wide range of customers such as Caterpillar and JCB. This latest investment follows the earlier acquisition of Yorkshire based Sigma Technologies.
Sigma Technologies has an enviable reputation in the manufacture high quality CNC components for a variety of sectors and perfectly complements Altec’s existing capability and capacity.
Together, Altec, Ronco and Sigma employ around 140 people the majority of whom are experienced and skilled engineers, toolmakers and design staff. Our investment coupled with the recent acquisitions of Sigma and Ronco provides our customers a greater level of service and enhances our offering.