Dynamic Announces Acquisition of Hydram
Dynamic Aerospace and Defence Ltd. confirmed their acquisition of Hydram Engineering Ltd. on June 7th 2018, acquiring the total shareholding in the business.
Dynamic (www.dynamicindustrial.com) is a privately-owned business with its main headquarters in Michigan, USA. Hydram is Dynamic’s first acquisition outside the US, joining Dynamic’s existing portfolio of companies – Gem City, Dynamic Metals and Dexter Stamping – all based in the mid-west and having an established reputation, specialising in supplying precision metal components for the aerospace, defence, automotive and rail sectors.
Don Nystrom, the President of the Dynamic Group said, “We are delighted that Hydram has joined the Dynamic team. We see great synergy between the two businesses, in respect of skill sets and customer portfolio. Because of their focus on quality and customer service, Hydram will become our platform for expanding into the UK and wider European market.”
Hydram, one of the largest sheet metalwork fabrication companies in Europe, has established an enviable reputation in the marketplace over the last 40 years for quality and high service levels. Customers include Alexander Dennis, Hitachi Rail, Komatsu, Mitsubishi and Herman Miller.
John Young, Hydram’s outgoing Chairman, said, “This opportunity arrived at an important time in the company’s growth strategy. With plans already being considered for Hydram’s expansion, this new partnership will enable the business to accelerate its growth plans and maximise opportunities from existing customers and new business.”
David Greatorex is remaining as Hydram’s Managing Director and is excited about working with Dynamic. “The similarities between Dynamic and Hydram are striking, from their family-based foundations, to their shared culture centred on quality, customer service and investment in the latest technology. The Hydram management team is very excited about the new opportunities this partnership will bring to the business,” said David.
About Hydram Engineering Ltd.
Hydram is a leading supplier of sheet metal components, assemblies and light fabrications to customers throughout the UK. The company provides the full range of subcontract engineering services, including laser cutting, metal bending, sheet metal fabrication, powder coating and assembly. Hydram supplies components and sheet metal fabrications to market-leading companies in sectors such as rail rolling stock, bus manufacture, electrical & electronic products, lighting, defence and earthmoving machinery.
About Dynamic Aerospace and Defence Ltd.
Dynamic Aerospace and Defence Ltd. is a subsidiary of Dynamic Aerospace and Defense Inc, a privately-owned business with its main headquarters in Michigan, USA. It consists of a group of tightly coordinated companies particularly renowned for excellence in metal forming and fabrication, including roll forming, hydroforming, metal spinning and stamping. Its customers include aerospace, defence, automotive, rail and earthmoving equipment manufacturers. Hydram is Dynamic’s first acquisition outside the US and is positioned to be the group’s platform for further growth in the UK and Europe.