22
Nov 2024
7th Nov 2024
ANNOUNCEMENT
Acquisition of Rowan Precision Limited
Glenn Aston and Jaz Khunkun, through their company OSYS Rowan Limited, have successfully acquired 100% of the shares of Standtrade Limited and its subsidiary Rowan Precision Limited. This acquisition marks a significant milestone for both OSYS Rowan and Rowan Precision, building upon their initial 50% purchase of Standtrade Limited shares in May 2021.
A Legacy of Excellence
Rowan Precision Limited, founded by Martin Barker on 17 May 1984, has been a cornerstone in the precision engineering industry for four decades. Under Martin’s leadership, the company has grown from humble beginnings to become a leading name in precision manufacturing, known for its commitment to innovation and quality
Transition and Continuity
Martin Barker will continue to play a vital role in the company until his retirement on 30 April 2025. Following his retirement, Martin will transition to an advisory role, providing his invaluable expertise on a consultancy basis. This arrangement ensures a smooth transition and the preservation of the company’s rich heritage.
Looking to the Future
Glenn Aston and Jaz Khunkun are excited to take on the challenge of growing Rowan Precision Limited while maintaining the legacy established by Martin Barker over the past forty years. Their vision includes:
Invigorating the “Team Rowan” ethic, recognising it as the key to Rowan’s success
Continuing the company’s tradition of technological innovation and precision manufacturing
Expanding upon Rowan Precision’s strong reputation in the industry
Acknowledgments
The acquisition process was conducted amicably, with expert guidance provided to both parties:
Vic Younis of Wall James Chappell, Stourbridge, advised the buyers.
Jamie Partington of Higgs LLP, Brierley Hill, advised the sellers.
We extend our sincere gratitude to both advisors and their respective teams for their professional support throughout this process all completed within an extremely short period of time.
This acquisition represents an exciting new chapter for Rowan Precision Limited, blending four decades of expertise with fresh perspectives and ambitions. We look forward to the continued success and growth of the company under its new ownership.