HLD are pleased to announce the investment in and acquisition of the Wallace McDowall Group.
Based in a 125,000 sq. ft facility in Prestwick half an hour from Glasgow, Wallace McDowall are a specialist engineering business providing machined and engineered parts for a large number of blue chip customers based in the UK and overseas.
With a range of design capabilities, CNC, Laser, machining and finishing capabilities the business has grown from a small bespoke machine shop over 50 years ago to a business employing 200 people.
HLD Special Operations Director David Myles said “We are thrilled to be investing in such a well established brand as Wallace. The business has significant growth plans which we are keen to support and the synergies within our existing portfolio are significant”
Jim Wilson the managing director who will be staying with the business to oversee the growth plans added “HLD was the ideal investor for us. The Group has a number of complementary businesses within its existing portfolio and have a documented reputation of supporting the growth of their manufacturing businesses, a prerequisite we were looking for in any investor of the business”
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