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Leicester Circuits UK Limited Acquired
January 4, 2008 |Estimated reading time: 1 minute
Mike Urry and Richard Bailey of One Way Circuits Limited are pleased to announce the acquisition of Leicester Circuits UK Limited on January 3, 2008.
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Mike Urry (Managing Director of One Way Circuits Limited and Circast Electronics Limited) has been instrumental in guiding the One Way Group of companies since 1987 and said: "After acquiring the hi-tech PCB shop Circast four years ago, I've been looking to purchase another big player within the <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />UK to help boost the groups portfolio and also gain the China import experience. After discussions to Tony Williams of Leicester Circuits UK Limited we came up with a deal and I believe this will be a great opportunity to take the Oneway Group to a new level. Tony wants to retire and take life a bit easier, we will be keeping him on in a consultancy role for the expertise he has in China."
Tony Williams said: "After 37 years at Leicester Circuits I feel it's time to semi-retire, sit back and watch Leicester Circuits, Circast and Oneway become one of the biggest forces in Europe. With the technical equipment and staff from the Group along with the exceptional management skills and the ability to produce any PCB imaginable, this new venture could be the one-stop-shop the industry has been looking for."
"Buyers have struggled to consolidate their PCB supplier base due to their broad range of requirements," stated Mike Urry. "Finding a supplier which can provide them with low-tech, high volume or high-tech, small volume product can be daunting and, in the past, forced them to use a number of different manufacturers or Agents.
'Now, a customer can purchase a high-tech 40-layer board with metal back or 13oz finished copper, or a low-cost, high-volume PCB manufactured in China, all from the same PCB Supplier which is underwritten by our UK manufacturing sites."
Scott Williams will be placed as Managing Director of Leicester Circuits UK Limited and Les Round will become the Group Technical Manager.
Any comments or further information please email: scott.williams@leicestercircuits.co.uk