Tool manufacturer Keencut has secured investment funding from a new firm of investors as it pushes forward with ambitious expansion plans. The investment will allow the company to launch new products and pursue export growth plans.
Based in Corby, the firm, which manufactures precision cutters for the digital print industry, has been acquired by Northampton-based investor, Constant Equity. The investor will take a majority stake in Keencut and is bringing new directors on board to help with the growth programme.
“Keencut is a great British success story,” says Paul Moxon, director of Constant Equity. “It has a world-leading brand, based on innovative design and top quality manufacturing. With smart investments in growth areas, we believe the business is well placed to boost its presence on the world stage.”
In addition to the injection of finance, Constant Equity brings a wealth of expertise to the table. It specialises in long term investment for manufacturing and industrial companies based in the Midlands and East Anglia.
Paul Moxon will serve as Keencut chairman and will be joined on the board of directors by international sales and marketing specialist, Phil May and Keencut operations director, Emma Lockwood.