It has been announced that Keencut, the tool manufacturer has managed to secure new investment for expansion. The company has been able to gain the investment from a new firm of investors in order to continue their plans for expansion.
The tool manufacturing company is based in Corby and works to manufacture precision cutters that have been used in the digital print industry. The company has been acquired by an investor that is based in Northampton. The company, Constant Equity, will now hold a majority stake of the manufacturer and will bring a range of new directors on to the board in order to help the company with their plans for expansion. The investment by Constant Equity will allow the tool manufacturer to develop new products and look closer at opportunities for growth.
Constant Equity has been operating since October 2016 and works on providing investment to smaller companies. Keencut works to create cutting products to sell around the world, including countries in Europe, the USA, Russia and Australia.
Keencut is recognised around the world for their products and is a leading company for innovation in their design and high manufacturing standards. It is thought that investment in to the right areas of the business will help it expand. Keencut will also receive a boost of financing as part of the investments. Constant Equity will also be able to bring a great deal of experience as they work on long term investments for manufacturing and other industrial companies that are based in the Midlands and East Anglia region.
The director of Constant Equity will act as the Chairman for Keencut and will also be joined by Phil May, the international sales and marketing specialist and the Operations Director at Keencut, Emma Lockwood. With the experience brought by the new board members and the new investments hopefully the manufacturing company will be able to take advantage if the possible growth opportunities.