In August 2017, Endless completed the management buy-out of Sewtec Automation, now one of the UK’s fastest growing and successful bespoke robotics specialists.
Sewtec designs and manufactures complex industrial automation systems for global blue-chip clients in the pharmaceutical, personal care, pet care, food and beverage and tobacco industries.
More than 85 per cent of its sales are exports, with clients including Nestlé, Procter & Gamble, Imperial Tobacco, Tata Global Beverages and Hershey.
After our investment, Sewtec revealed an ambitious five-year growth strategy to double turnover to £32m and increase headcount to 120.
Led by transformational change across the business, by June 2019 Sewtec had almost achieved its five-year target in just two years. Turnover reached a record £28m, with EBITDA of £9m and a headcount of 135. The company now aims to deliver a turnover of £50m and headcount of 190 by 2023.
To enable its continued growth, Sewtec will relocate to a 75,000 sq ft facility in Wakefield in 2020, more than double the size of its current premises in Dewsbury.
Sewtec’s development has recently been recognised in prestigious awards, including as company of the year (£10m-£50m) and exporter of the year at The Yorkshire Post Excellence in Business Awards, and national winner at the European Business Awards.
The last word
Endless takes great pride in the continuing growth and development of the business and team at Sewtec. The company is a true Yorkshire success story and a great example of highly skilled British manufacturing.
Andrew Ross, partner at Endless, said: “Sewtec has had an exceptional period following the MBO and continues with real momentum. The company has a strong management team, a compelling proposition and enormous potential to expand further.
“Endless is a transformational investor. We were very excited about the opportunity to invest in an already successful, longstanding Yorkshire business and support the management team to transform it into a more scalable operation. We are very pleased with what has been achieved so far and are excited about Sewtec’s future.”
Mark Cook, Managing Director at Sewtec, added: “Our excellent performance would not be achieved without everyone at the company embracing the rapid, positive change that our transformation strategy is delivering. The investment in our new facility will provide us with space to meet rising client demand, increase our manufacturing capability and attract and retain more highly skilled engineers. This is an exciting time for Sewtec.”
Key person for this case study
A Partner in the Investment Team, Andy is responsible for the firm’s operations in Yorkshire and the North East from our Leeds Headquarters. This includes delivering new transactions, as well as working closely with some of our investments. Prior to joining Endless, Andy spent 16 years at PwC advising regional corporates and their stakeholders through sales, purchases, restructures and refinancing projects.