Seward Announces Merger and Restructuring Plans
Seward Ltd announce that it has merged with its sister company, C-Tech Electronics Ltd, to form a new vertically integrated manufacturing company called FermionX Ltd. There will be no change to Seward’s name; and its high standard of operations known and expected by its customers will also remain the same, but with the added benefit of increased technical resource for R&D, customer support and manufacturing.
The merger represents a significant development for stakeholders, creating a company with combined turnover of circa £6M. This move consolidates two companies with shared core values on strong customer relationships, quality and value-added products and service.
FermionX will continue to operate through its individual brands; Seward, manufacturers of globally renowned Stomacher® lab blenders, and C-Tech Electronics, providing comprehensive electronic contract manufacturing services. The Company will leverage both brands’ respective strengths for the benefit of its customers with greater resources for manufacturing, R&D and global sales and distribution footprint.
The merger provides a greater technical resource for Seward to enhance its R&D strategy, an area which has gained emphasis recently with the launch of the Stomacher® 400 EVO laboratory blender and Insterprep® range of pre-weighed, sterile media.
The new company will be led by John Patrick, whose family started C-Tech Electronics. Mr Patrick said, “Establishing FermionX Ltd is an immensely exciting step, developing a company that can provide end-to-end electronic manufacturing solutions, with a final product mind-set. The consolidated resource from all companies will allow us to quickly respond to market opportunities and technology trends to better support our customers.” He added, “While FermionX provides the overriding corporate structure, all company brands will continue to be presented under their existing brand names and to the same high standards of products and service.”
Former Managing Director of Seward Ltd, Daniel Crothers, remains with the Company as Sales and Marketing Director. Mr Crothers continues, “Seward enjoys a global reputation for quality laboratory products. Under FermionX Ltd, the Seward brand will continue to enhance this reputation with emphasis on new product development that adds real value to our laboratory customers. We already have a project list for planned launches in 2017 which our distribution partners are very excited about.”
Technical Director Stuart Ray, who will be heading up the Research and Development team said, “Both companies have collaborated over the years on product design and development with customers and other strategic partners, FermionX will allow this function to expand and drive the growth of our brands and of the business in general”.
Story from Seward Ltd. Please note: The content above may have been edited to ensure it is in keeping with Technology Networks’ style and length guidelines.