After a business loan from Just Develop It, the team behind IGM Holdings secured the acquisition of Solent Mould Tools in late 2016.
Established in 1986, Solent Mould Tools is the largest independent mould manufacturer in the UK, supplying the global beverage packaging market. In addition to beverage packaging, SMT also manufacture high precision engineering components for the Automotive, Aerospace, Defence and Medical industries.
“The team at JDI helped and managed every stage of the business loan and acquisition process, they made everything easy to understand and nothing was too much trouble for them.
Lisa Darcy-Burt, CEO
Located in Hampshire and occupying 17,000 sq. ft of manufacturing floor space & equipped with the very latest in high speed CNC machinery, the newly named SMT Precision Engineering has become one the world’s leading toolmaking companies specialising in the design and manufacture of bottle moulds.
Following the acquisition, JDi is assisting SMT with a full rebrand of their business, marketing collateral and online presence.
Furthermore, Just Develop It is providing SMT with HR assistance, accounts guidance and strategy advice.