MeadeX

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Overview

Meadex is a leading supplier of precision mouldings in rubber, plastic, and silicone, with a strong focus on technical and complex work. The company serves major manufacturers with high-specification components and is often the subcontractor of choice, often including assembly. With advanced facilities across three countries – including fully automated cells, robotic systems, and clean rooms – Meadex stands out in a market with few competitors capable of offering expertise across all three materials. The sector is fragmented, dominated by smaller players, making it well-suited for consolidation through a carefully executed buy-and-build strategy. The highly technical nature of the work and frozen supply chains result in strong customer retention, with constant and regular requirement for parts and repetitive order schedules. 

Investment Strategy

Undertook a comprehensive overhaul of the organisational structure following the exit of family ownership, promoting from within to empower middle management with increased responsibility and accountability.

Integration of bolt on acquisitions to strip out costs and increase net profit.

Full costing exercise across all jobs to identify low margin or loss making jobs and increase prices.

Focused investment on the company’s European facilities to maintain their status as centres of technical excellence, while relocating non-technical, low-margin work to lower-cost facilities outside of Europe.

Revised the company’s approach to stock holding by significantly reducing historically high levels of finished goods inventory, much of which remained unsold, to improve working capital efficiency and reduce waste.

Changed IT set up and implemented MRP to yield cost savings and significant efficiency gains in production & warehousing functions.

Key Facts

Investment Date

December 2022

Exit Date

Live

Bolt ons

3

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