A Redditch-based metal pressing and stamping specialist is targeting a £multi-million opportunity in aerospace, automotive and defence after it was approved by a major industry buying portal.
Pre-Met, which recently completed the acquisition of Quality Springs & Pressings, has passed all the criteria and compliance checks required to be listed on JOSCAR, a global best practice supplier portal used by thousands of major OEMs, tier1s and supply chain companies across the UK and Europe.
The company’s impressive 100% on-time-in-full delivery performance, outstanding quality scores and commitment to environmental and health and safety best practice saw it pass all the stringent checks and the firm is now looking to increase sales with existing and new customers using the platform.
“There is a definitive move to industry using online portals more for purchasing decisions as they do a lot of the hard work in terms of quality checking and approving suppliers,” explained Steve Delaney, Business Development Director at Pre-Met.
“JOSCAR is one of the most widely used platforms and, from the research we’ve undertaken, we genuinely believe being listed on there will generate £millions of new quoting opportunities for the business, a lot of which will be in our new target market of defence.”
He continued: “The portal promotes competitive responses to work packages and design solutions, as well as grouping work packages in consortia approaches – these can be very lucrative.
“Membership is not a given. To be eligible you must demonstrate strong quality performance and a proven financial track record, as well as holding major industry accreditations, such as TS16949 (automotive), AS9100 (aerospace), ISO14001 (Environmental) and ISO45001 (Health and Safety). It’s another really important badge of approval for us.”
Operating from Redditch since 1973, Pre-Met originally made high-value pens, cufflinks and telecommunication parts, with today’s company evolving into a critical, quality-assured supplier to aerospace, mobility, medtech, construction, electrical and transport sectors, shipping its components to customers across the world.
Consistent investment in new technology and workforce development has seen it become a metal pressings and assembly specialist, offering a full product lifecycle from concept and design to prototyping and low, medium and high-volume production.
The acquisition of Quality Springs & Pressings will take the total workforce to 60, with the transfer of production machinery and equipment to the company’s Studley Road site being completed over the next two months.
It will broaden the group’s capacity to include more wire form and spring manufacturing expertise, additional presses, as well as embedding new robot and manual welding capabilities, as the enlarged business aims to increase revenues towards £10 million.
James Leng, Managing Director of Pre-Met, concluded: “JOSCAR is another avenue for us to explore as we look to grow the company both organically and through future acquisitions that complement our existing services and products.
“Automotive, aerospace and construction have always been big markets for us, but we now have the technology and capability to make medium and high-volume pressings, assemblies and wire forms for use in defence. With spending set to rocket in this arena, there is a great opportunity to bring some of this work to Worcestershire.”
For further information, please visit www.metalpressingsandstampings.co.uk
or follow the company across its social media channels.
