{"id":288,"date":"2022-04-08T08:48:04","date_gmt":"2022-04-08T08:48:04","guid":{"rendered":"https:\/\/tumag.questo.nl\/?p=288"},"modified":"2026-07-03T04:21:59","modified_gmt":"2026-07-03T04:21:59","slug":"tumag-acquires-dutch-hd-precision","status":"publish","type":"post","link":"https:\/\/www.tumag.be\/en\/tumag-neemt-nederlandse-hd-precision-over\/","title":{"rendered":"Tumag acquires Dutch company H&D Precision"},"content":{"rendered":"
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Tumag acquires Dutch company H&D Precision<\/h1><\/div><\/div><\/div><\/div><\/div><\/section>
\"Tumag<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>

Turnhout-based mould manufacturer Tumag has acquired industry peer H&D Precision in Asten, the Netherlands. Having reached a certain age and with no successor ready to take over, H&D owner Ad Prins began looking for a buyer. He found one across the border.<\/strong><\/p>\n

\u201cWe operate in a niche market and it\u2019s a fairly small world,\u201d says Tumag managing director Wilko van den Abbeelen, explaining the takeover. \u201cI knew that Ad was looking for a buyer because he had no successor, so I approached him.\u201d<\/p>\n

Although both companies operate in the mould-making sector, their focus is different. Tumag is more oriented towards new-build projects, while H&D has specialised not only in new builds but also in revision and repair. \u201cThe two companies will continue to operate independently, and the H&D name will also remain because it is well known among customers. But we will work closely together and exchange activities,\u201d the Tumag managing director added.<\/p>\n

Together, 7 million in turnover<\/strong>
\nH&D Precision generates a turnover of 2.5 million euros with 18 employees. Tumag employs 30 people, who together achieved a turnover of 4.5 million euros last year. \u201cWe have had a very good year, thanks to the improving economy and a few major projects,\u201d says Wilko van den Abbeelen. Tumag has customers throughout Europe, operating in a wide range of sectors. \u201cWe mainly focus on moulds for small technical products.\u201d<\/p>\n

The new owner wants to invest in modernising H&D Precision. \u201cThe company has been around for quite some time and could use modernisation. And if possible, we also want to grow there,\u201d concludes Wilko van den Abbeelen.<\/p>\n

Both companies will continue to exist as independent entities, and H&D managing director Ad Prins will remain on board for at least another year.<\/p>\n<\/div><\/div>

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