Car parts and automotive assembly manufacturer John McGavigan has set its sights on China after securing expansion funding from private equity firm Maven Partners.

Car parts and automotive assembly manufacturer John McGavigan has set its sights on China after securing expansion funding from private equity firm Maven Partners.

McGavigan, which was acquired by the current senior management team in 2009, aims to use the funding to establish a low-cost manufacturing base in China and develop the core UK business, according to a statement from Maven. The amount invested has not been disclosed.

In the first full year of trading since the buy-out, McGavigan has recorded sales of £9 million and has operations in both Western and Eastern Europe. The business employs more than 130 staff at its plant in Bishopbriggs, near Glasgow and supplies manufacturers such as Bosch, Visteon, Continental and Yazaki. Components are used by global carmakers including Ford, GM, Jaguar/Landrover and Toyota.

David Taylor, managing director at John McGavigan, remarks: ‘The group is well positioned to execute our growth and expansion strategy… into Asia and the continued development of our manufacturing and product development operations in Scotland.’