45 Years in Plastic Injection Moulding
1 May 2023
With roots dating back to 1978, when the company was originally AK Precision, the business this year celebrates 45 years of plastic injection moulding on its Derby site.
Decades of experience in precision technical moulding
AK Precision was purchased by Tex Group in 1986, and was soon bolstered with the purchase of West Country Plastics, which was acquired in 1987. Tex Groups' focus was to bring together a portfolio of British manufacturing businesses. The plastic injection moulding division has been arguably the most successful of all the manufacturing businesses in the group. The two separate operating sites were independent businesses up until last year where the two businesses were merged into one - Tex Plastics Limited.
Year on year investment, but this year is set to break all records
The 45 years have seen a 500% increase in the footprint of the Derby site, and optimisation of the 'land locked' Barnstaple site with new warehousing and cleanroom cells. Since the Tex Plastics acquisition, the business has developed a diverse portfolio of clients, and has become renowned for their precision technical moulding and supply chain solutions. Last year was a time of significant change for the group which has undergone a complete refinancing from the largest shareholder and in turn has become a privately owned family business. This has enabled the investment at the plastic injection moulding business to be on a much larger scale than ever previously experienced to facilitate ambitious growth plans.