Seneca backs IPO of Midlands-based Strip Tinning

Seneca backs IPO of Midlands-based Strip Tinning

Seneca is delighted to announce its AIM EIS Fund has backed the IPO of Midlands-based Strip Tinning, an established supplier of specialist connectors to the automotive sector.

This deal marks the 6th investment from Seneca’s AIM-only EIS offering which was launched in September 2021.

Richard Barton, Chief Executive Officer of Strip Tinning, commented:

“Today’s admission to AIM is a significant landmark for Strip Tinning and a special day in the Company’s evolution. The business continues to go from strength to strength and has come a long way since being founded in 1957, plating wires and coils for general engineering applications in the local Birmingham area.

We are now a leading supplier of specialist connectors to the automotive sector, having established long-term customer relationships with some of the automotive industry’s most familiar names. Today’s admission provides us with the resources to further enhance our capabilities and continue on our exciting journey.”

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