Teknicast
Country: Malaysia
Market: Malaysia
Date of original investment: 2007
Deal type: Management buy-out
Market: Malaysia
Date of original investment: 2007
Deal type: Management buy-out
Moulding a global expansion
Teknicast is one of Malaysia’s leading manufacturers of aluminium die-casting products, employing over 800 workers at its manufacturing site just outside Kuala Lumpur. The company’s products are manufactured to a high quality standard using precision machining, giving them a competitive edge over lower-grade products manufactured elsewhere in Asia. They are mainly for use in the international oil and gas industry.
Over the last 25 years, Teknicast has built a reputation for quality and engineering capability among its long term customers in the US and Europe. The aluminium die-casting market is growing and Teknicast has an excellent competitive position globally, with a strong track record of growth.
In August 2008, Actis backed the management team to acquire the business, and has also earmarked funds for its expansion. Under Actis’s ownership, the business plan envisages broadening Teknicast’s international customer base, enhancing the management team and doubling the size of the business over five years.
