Precia Molen has attained cumulated sales of €95.4 million in 2014, rising 7.2% y/y. An industrial strategy based on three levels: external growth via strategic acquisitions and international expansion, investment in R & D as part of an incremental innovation strategy, and the relocation of production, is reported to have enabled the growth.
Rene Colombel, CEO of Precia Molen commented, “the macro-economic context of 2015, which combines the decline of the euro and recovery plans, should enable the company to see its domestic and export business progress. The recent acquisition of The Barber companies will also provide a real source of growth in the domestic market”.
Precia Molen has over 850 employees, a increase of 36% in 5 years. The company is present in over 40 countries and has 13 subsidiaries worldwide; in recent years, it oriented international development in the Asia-Pacific region, establishing an office in Kuala Lumpur (Malaysia) and opening a subsidiary in Australia.
Over the past year, Precia Molen has completed the acquisition of three main weighing companies, which has helped strengthen its international presence and regional coverage. These companies are:
- Barbier Weighing - The family group including Barbier SAS and its subsidiaries, specialising in industrial and commercial weighing over 50 years, located in the northwest of France.
- Antignac SAS, specialising in industrial and commercial weighing, located in the southwest of France.
- Shering Weighing Ltd, based in Dunfermline, Scotland, which has since 1946 applied its expertise in weighbridge manufacture. Precia Molen is benefitting from the acquisition of a competitive production unit in the UK.
Adapted from press release by Harleigh Hobbs