Acquisition Of Ronco Precision Engineering
Velden Acquires Local Machining Company
Ronco Precision Engineering was a well respected local machining company, supplying highly specialised components in smaller batches. When the Managing Director, Ron Cain, decided to retire, he wanted to sell the company and was insistent that the buyer would look after his loyal employees and his long established customers. Velden’s approach was welcomed because Ron knew they would be willing to invest in the business and take it forward. Velden’s interest came from the extra dimension this smaller batch work would add to our portfolio and the excellent reputation Ronco had gained over the years.