Growth Plans as £1.5million Investment is Confirmed
Camloc has set out its plans for growth today having secured investment from Foresight Group (“Foresight”).
Foresight is a leading independent private equity investment manager with UK offices, in Nottingham, Manchester and London.
Camloc was previously owned by American investors and has sales of c£4m and employs 36 people at its Leicester manufacturing facilities. Sales and Marketing Director Andy Hubbard, Finance Director Julie Barker, and Engineering Director Matt Warne, have invested alongside Foresight. RBS have also provided a term loan and working capital facilities.
The experienced team are excited about the future, with new products already in development and plans for future growth of the business well underway.
“UK manufacturing is very much alive and kicking and the Foresight investment has enabled us to become a British-owned gas spring company for the first time in over 25-years,” said Andy Hubbard. “Over the years Camloc gas springs has become a respected brand in the market that stands for quality products and great customer service. We are proud to have such a solid business, international brand and quality product range on which to build. We are looking forward to a new and exciting chapter of sustained growth for the company based on the company’s well-established roots.
Tony Calvert, former Managing Director of Camloc, says that the time is right for the fresh approach that his long-term colleagues will bring to Camloc. Tony is now focusing his 50 years of business experience on non-executive directorships for various organisations, as he moves his career into consultative roles outside of Camloc.
“This is a great team. Andy, Julie and Matt have the industry experience and drive to develop the business even further and I’m confident the relationships we have built with Camloc customers, suppliers and colleagues over the years will continue to thrive,” adds Tony.
With the average length of service amongst its 36 employees being an impressive 13 years, the news of the investment has been warmly welcomed and supported by everyone in the business. And, while the message is very much ‘business as usual,’ the management team has made its ambitions for a bright future for the company clear from the outset.
Foresight’s Sebastian Saywood, who will join the Board as Investor Director, said “Camloc is an excellent example of a professionally-managed British manufacturing business with strong growth prospects. The Company provides premium products and market-leading service levels in its niche. We are looking forward to working with management who have impressed us with their expertise, professionalism, and ambitions for growth.”
Caption for photograph: L-R Julie Barker, Andy Hubbard and Matt Warne.
How do gas struts work?
At Camloc Motion Control, we design and manufacture a wide range of engineered gas springs, struts and damper solutions to fit your requirements. Whether your project involves, for example, the door of a specialist vehicle or the hidden mechanisms of an operating table, our solutions will help you achieve the range of motion your application requires to work properly.
How to get the most out of your gas strut
At Camloc Motion Control, we’re proud to produce high-quality gas struts and dampers that contribute to manufacturing success in a variety of industries, from medical to aerospace. However, as a manufacturer, we’re heavily investing in the durability, strength and manoeuvrability of our products when they’ve left our factories, which is why we want to share how you can get the most out of your gas struts, improve their lifespan and quickly identify any warning signs that need attention.
How you choose the right gas strut for you and your product
At Camloc Motion Control, we understand that for every kind of project, there is a gas strut that can help you to lift, lower and control. However, there are so many different kinds to choose from. How do you know which type of gas strut you need? If you’re confused by which of our products is right for you, this blog post will help to guide your selection, if you’re still unsure you can visit our products page for each one, or alternatively contact one of our experts.