Real Steel acquires Precision Cutting & Processing — expanding South Island footprint
Real Steel is very excited to announce the acquisition of Precision Cutting & Processing taking place on 1 September 2023. Real Steel is one of the leading steel plate processors in New Zealand, supplying customers all over the country from its 8500m2 factory in Upper Hutt. This acquisition will see Real Steel take over Precision Cutting & Processing’s modern factory and plant based centrally in the South Island in Ashburton.
Luke Mathieson, Managing Director of Real Steel says, “By combining the strengths of Real Steel and Precision Cutting & Processing, we aim to deliver unparalleled value and experience to all customers. We’re pleased to announce Josh O’Malley, Managing Director of Precision Cutting & Processing will continue to lead the Ashburton factory and will join the Real Steel leadership team.”
Key benefits for customers:
1. Raw material supply — across both factory locations there will be a greater range and volume of stock holding.
2. Access to SSAB steel — highest quality high-strength and wear resistant steels from Sweden and Finland. Existing Precision customers now have access to a full range of SSAB steels including Hardox®, Strenx® and Duroxite®.
3. A wider range of plate processing capabilities — Existing Precision customers will gain access to Real Steel’s Yawei 1000T 8.2m press (one of New Zealand’s largest press brakes), 12m laser cutting, heavy duty large-format machining, and more.
4. Geographic proximity — Current Real Steel customers located in the South Island will have their manufacturing carried out closer to home, improving the supply chain, speed of delivery, and level of service.
5. State-of-the-art software — Existing Precision customers will benefit from Real Steel’s systems and processes to deliver high quality parts on time and with a greater level of certainty, increasing customer convenience.
Over the past few years, Real Steel has made large investments to build customised machinery, software, and systems for part marking and part tracking. This was a complex project developed in-house by Real Steel’s research and development team.
Luke explains, “Around 30,000 parts are produced in our Upper Hutt factory each month. We can now count late orders and missing parts on one hand. This has been a game changer for us. A key element of this acquisition is that we’ll be implementing state-of-the-art software and systems into Precision.”
Josh O’Malley says, “We’re excited about revolutionising our customer experience through an expanded range of offerings, and improved accuracy and efficiency through the implementation of innovative software and systems.”
Precision Cutting & Processing will be rebranded as Real Steel.
