UEI Group acquires rotary tool manufacturer Falcontec
US-based UEI Group has acquired the assets of UK rotary tool manufacturer Falcontec.
Larry Hutchison, president and CEO of UEI Group, said: ‘Acquiring Falcontec not only demonstrates we’re serious about growing our business in Europe, it gives us the room we need to expand UEI Group’s capabilities and capacity.’
Falcontec is one of the UK’s premier rotary tooling manufacturers, supplying the growing pressure sensitive label markets for home and personal care, food and beverage, wine and spirit and healthcare industries. Falcontec will continue to operate in its Halesowen, West Midlands, facility.
Falcontec and its full product line will fall under the UEI Group of companies which includes Universal Engraving, UEI FineCut, UEI Systems and Infinity Foils.
Stan Vigurs of Falcontec said: ‘As founder of Falcontec, I am pleased to know that our customers will benefit from the acquisition. The joint resources of the UEI Group and Falcontec can only serve to enhance the excellent service they currently receive. This is the next chapter for both Falcontec and the UEI Group of companies and I am pleased to be part of it and certain that it’s going to be a very exciting one.’
In addition, through this acquisition Falcontec customers will also benefit from UEI Group’s distribution deal with RotoMetrics. This reunites Falcontec’s rotary hot stamping and embossing tooling with a global sales and distribution resource which will handle customer’s order inquiries on a direct basis.
Pictured l-r: Larry Hutchison, president and CEO of UEI Group, and Stan Vigurs, founder of Falcontec
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