The company behind the self-adhesive cable clip has been acquired by one of Birmingham’s longest-established manufacturers.
Brandauer, which is a specialist in metal pressings and stampings, has purchased CB Cable Clips in an undisclosed deal that will safeguard three jobs, create two new positions and see all customers, IP, stock and assets transferred over.
Under new ownership, it is expected that the business has the potential to double its £110,000 annual sales over the first 12 months and will complement Brandauer’s own product range, which currently includes turnkey precision tooling, motor laminations and Elopin press-fit connectors. The deal is the first acquisition that Brandauer has ever completed in its 157-year history, and is part of an ambitious growth plan that will see it achieve £10m turnover by the end of 2020.
“We have been manufacturing the CB Cable Clip range under a subcontract agreement for more than 40 years, so are synonymous with the innovation and the production process,” says Rowan Crozier, CEO of Brandauer. “When the possibility of selling was sounded out, it seemed the logical decision to incorporate the business into Brandauer. We knew the quality and customer service expected, we knew the delivery patterns and, most significantly, it was another product we could add to our growing range.
“We are already looking to double the size of the team and believe there is an opportunity to access new markets and customers,” he adds.
Brandauer will manufacture and supply the CB Cable Clip range of self-adhesive aluminium cable clips. Since the invention came to market in 1972, over 566 million clips have been produced and used across the world.
For further information www.brandauer.co.uk