Trumeter Attracts New Investment
The investment will enable Trumeter to complete the development of several new products and bring them quickly into production at their Factory in Malaysia.
The investment package was put together by Warrington based Energize Capital, along with John Smith who will join Trumeter as Chief Executive. 24 jobs will be secured at the Radcliffe site.
John Smith commented: "This is a very exciting day for the customers, partners and employees of Trumeter. Trumeter has a long track record of developing innovative products and working closely with its’ global customers to deliver solutions to the measurement and automotive lighting markets. This investment will enable the company to commercialise several new products and increase production in Malaysia to meet our customer’s needs, many of whom are enjoying significant growth right now."
John Smith added: "While the company now has new shareholders, I am delighted that the executive team has elected to remain with the business and drive it forward. Their experience and knowledge will be invaluable as the company moves forward into an exciting period of growth."
Contact
Mr John Smith, Chief Executive – +44 7590 842595
Email: John.Smith@Ivycroftsolutions.com
Mr Peter Weidenbaum, Executive Chairman – +44 161 724 6311
Email: Peterw@trumeter.com
Website: www.trumeter.com
Trumeter Company Ltd, Milltown St, Radcliffe, Manchester, M26 1NX
Registered Number: 7115948 (New Number from 30/1/2010)
About Trumeter
Trumeter is a global designer, manufacturer and distributor of sophisticated measurement devices and automotive lighting systems, with core expertise in the fields of ultra low power circuitry, electronic miniaturisation, component agglomeration and elegant design. Based in Radcliffe near Manchester in the UK since 1937, and in the USA since 1938, Trumeter sells to customers in more than 50 countries through a worldwide network of Sales Executives, Distributor Partners and strategically located warehouses. Trumeter’s main manufacturing site is a state of the art, wholly owned, highly automated facility in Penang, Malaysia, where 150 staff manufacture millions of products and components to tight specifications and the highest quality standards.