Procter Brothers, which dates back to 1740 and employs more than 110 at its Bedwas operation, has been acquired in a management buyout.
The MBO has been led by existing managing director John Procter, in a deal providing an exit for his father Jeremy Procter, who will remain with the business in an advisory role.
The value of the deal hasn't been disclosed, but sees the business remaining in family ownership.
Group business Procter Machine Safety manufactures and install machine guards and provides machinery safety services. Procter Contracts designs, manufactures and installs entrance gates, fencing, security systems and street furniture.
There are plans to invest in the factory, located on Pantglas Industrial Estate, as well as in developing the firm's e-commerce offer.
John Procter, who becomes group managing director, said: “I am delighted to have led the acquisition of Procter Brothers Ltd, where I have worked as managing director for over six years.
We are a market leaders in machine safety, security fencing and automatic gates and I am committed to growing the business further and cementing our position within the industries we serve.”
