24 January 2022 – GIL Investments acquires shares of €60m turnover global injection moulding and tooling business, Shapers’ Group.
UK-headquartered private investment firm GIL Investments has acquired a 100% stake in the European injection moulding and tooling operations of Shapers’ Group following the carve out from another business. The deal consists of 7 production sites across the UK, France, Poland, India, and China with c.800 employees and >€60m revenue.
Shapers’ Group fits well with GIL’s portfolio of industrial and manufacturing companies. GIL Chief Executive, Les Litwinowicz comments on the acquisition:
“Shapers’ Group is an attractive and logical proposition for us as it matches our investment strategy and the proven skills of our executive team to deliver significant growth and value creation.”
Shapers’ is a leading player in the injection moulding sector with proven expertise and experience in tooling design and manufacture of plastic and composite parts throughout the world. Services include product and process design and engineering, tooling sourcing and inhouse manufacturing, local tooling maintenance and modification, assemblies, and packaging.
This new-found autonomy, coupled with the backing of a well-funded business plan, will benefit Shapers’ customers by helping to bring innovative products and services quickly and reliably to market.
Shapers’ is a proven and respected name in the automotive, aerospace and consumer products markets as well as working with leading Tier 1 automotive, special vehicle and commercial vehicle suppliers. Its customer-focussed team has an extensive history and is currently involved in the supply of key parts to Renault Alpine, Range Rover Evoque and Discovery Sport, amongst others.
Commenting on the acquisition, Shapers’ Group Managing Director, Tony Lowe says:
“We are excited to be entering this new chapter in the growth and development of the Shapers’ Group companies, many of which have been established and built strong reputations over decades. The combination of Shapers’ proven track record and GIL’s investment and growth focus has the potential for a winning combination. I look forward to continuing in my role as Group MD together with my key management team to provide continuity for our customers, employees and stakeholders.