Jubilee Clips expects boost after buying Midlands firm
long-established Medway firm expects a 10% turnover lift after
snapping up a Midlands business.
Jubilee Clips, a specialist fastener and fixing manufacturer
based in Gillingham, has bought Elms Lightning Fasteners for an
Elms employs five staff in its Birmingham factory. Jubilee
bought the company from SEAC which used the proceeds to move to a
new headquarters near Leicester.
Jubilee, founded in 1921, said the deal was a good strategic
fit. It had been dealing with Elms for some time and they were both
in a similar sector.
The cut-to-fit metal banding systems that Elms manufactures fit
with Jubilee’s established range of worm drive hose clips and
associated clips and clamps.
The Birmingham operation will continue to trade as Elms
Lightning Fasteners while the Stranglehold Banding name under which
its core product is sold will also be retained.
The products are used in the heating, ventilation and
Ian Jennings, managing director of Jubilee Clips and
great-grandson of the company's founder Commander Lumley Robinson,
said: “The Stranglehold system complements our existing a product
line-up while Elms Lightning Fasteners is a thriving business, with
some highly skilled staff.
"This acquisition gives us as an immediate 10 per cent increase
in revenues, as well as access to new customers." The acquisition
would add further value and growth across the business, he
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