ERJ staff report (BC)
Chesterfield, UK – The first-half report of noise and vibration damping specialist TMAT shows sales for January-June 2013 up 6 percent on the same period in 2012, and gross profit up by 10 percent, despite operating in markets such as construction that are still essentially flat.
Looking ahead, TMAT “is confident that the second half of the year … will return record-breaking sales and profit.”
TMAT seeks a major new investor to come on board and “help drive the business forward into the global market.”
The current main shareholder, Advent Partners LLP, has instructed Orbis Partners LLP to divest its interests in TMAT Ltd.
TMAT designs and engineers solutions to noise, vibration and harshness (NVH) for the agricultural, construction and earthmoving (ACE) sectors.