Vanilla Electronics gets a slice of tasty acquisition
Norfolk company Vanilla Electronics has acquired Wiltshire-based electronics manufacturing services business, Interconics for an undisclosed sum.
It’s the Thetford company’s second acquisition in the past six months, and will allow the company to increase its electronics manufacturing capability and global market reach.
East Anglia law firm Birketts advised Vanilla; last year it guided shareholders on the sale of a majority stake to Literacy Capital.
Formed in 2002, Vanilla offers a fully outsourced service, boosting operational efficiency for technology manufacturers worldwide by streamlining complex supply chain processes.
Shipping over a million parts per day from its 25,000 sq ft automated warehouse to a range of customers including startups, hi-tech SMEs and multi-national, corporate manufacturers, Vanilla is a leader in supply chain management across the electronics manufacturing industry. The company provides a range of services including but not limited to design, procurement, manufacturing, order fulfilment and repair.
Founded in 1987 by Dave Weston, Interconics is the leading automated manufacturer of Printed Circuit Board assemblies. This niche, complex and cutting-edge offering has been instrumental in cementing the organisation’s reputation as a highly respected manufacturing company.
Weston, present MD at Interconics is set to take up a new role as group chief technical officer whilst Gary Wearing –group chief operations officer – will transition to managing director of Interconics.
Dan Croft, group CEO at Vanilla, said: “Following the acquisition of Bela Electronic Designs, a leading provider of PCB design and low volume production earlier this year, the purchase of Interconics complements Vanilla’s growth plans and enables us to cover the supply chain management process in full, from design to manufacture – all within the UK.
“We are very excited to enter this new collaboration with Interconics and boost our capability in higher volume, automated electronics manufacturing services.”
Birketts team was led by corporate partner Ed Savory with assistance from Adam Jones, Alex Forwood and Macauley Alsford (Corporate).
Further support was provided by Andrew Ridout and Emily Mills (Commercial Property), Karl Pocock and Ben Clarke (Tax), Jack Shreeve (Commercial), Lucy Churchill (Employment) and Melanie Harvey (Corporate). Literacy Capital also supported on the transaction.
Ed Savory said: “It has been a pleasure to work once more with the Vanilla team, this time working alongside Literacy’s team, as they continue to grow the business, joining forces with Interconics to increase their capabilities in high volume Printed Circuit Board assembly. I have no doubt that this exciting partnership will prove very fruitful for both companies and we wish them all the best for the future.”