In a recent development, Hi-Technology Group (Hi-Tech) has successfully acquired Sabre Plastic Mouldings (Sabre), marking a significant expansion for the company. Hi-Tech, a part of the Buckland Group, is known for its wide range of services including design, prototyping, tooling, and manufacturing of engineered plastic injection mouldings. On the other hand, Sabre is a renowned manufacturer of technical injection mouldings and assemblies, operating since 1995 from its facility in Letchworth, Hertfordshire.
With a strong presence in similar markets, Hi-Tech currently operates from its existing facilities in Waterlooville, Hampshire and Kosice, Slovakia. The addition of Sabre to its portfolio is expected to bring about numerous benefits for both companies, as well as their customers and employees.
Despite the acquisition, Sabre will continue to operate from its existing facility in Letchworth, with Keith Jenkins, the current director, remaining with the business to ensure a smooth transition. It has also been announced that Sabre Plastics Tooling will maintain its independent operation under the ownership and leadership of Robin Stimson, while collaborating closely with Hi-Tech to deliver comprehensive solutions to their customer base.
Expressing his satisfaction with the acquisition, Neil Sibley, CEO of Hi-Tech, stated, “I am delighted with the acquisition of Sabre. They have some innovative solutions, a complimentary range of customers and products, and are a really good fit with Hi-Tech.” On the other hand, Keith Jenkins, director of Sabre, shared his enthusiasm, saying, “We are thrilled to be part of the Hi-Tech Group and are looking forward to the opportunities and added services this will bring to Sabre and its customers.”
This strategic move is expected to strengthen Hi-Tech’s position in the market and enhance its capabilities in providing advanced solutions to its clients across various industries. The acquisition also signifies a significant milestone for both companies in their ongoing pursuit of delivering high-quality products and services to their customers.
As Hi-Tech continues to expand its footprint in the market, the acquisition of Sabre Plastic Mouldings reinforces its commitment to innovation and customer satisfaction. With a broader range of capabilities and resources, the company is well-positioned to achieve continued growth and success in the industry.
In conclusion, the acquisition of Sabre Plastic Mouldings by Hi-Technology Group represents a pivotal moment for both companies. With a shared vision for excellence and customer-focused solutions, this new collaboration is set to elevate the standards of the industry and deliver enhanced value to customers.
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