Press Release: 14th April 2026

Parklands Capital is committed to providing straightforward exit opportunities for owners and founders of established SMEs across the UK’s precision engineering and fabrication sectors.

Parklands Capital acquires WLR Precision Engineering Ltd.

Parklands Capital is pleased to announce it has acquired WLR Precision Engineering Ltd, a leading CNC machining business that has been established for over 57 years. They provide machining and turning services working to tolerances down to 1 micron from a state of the art facility in Nottingham; serving the Oil & Gas, Pharmaceutical, and Space industries amongst others.

Founded by William Rigley, Leonard Callon, and Ron Callon in 1969 and taken over by Leonard’s son Kevin Callon in 2000, WLR Precision Engineering operates from a 30,000 sq ft, fully air conditioned facility in Wilford, Nottingham, offering; CNC Inspection, CNC Turning, CNC Milling, CAD-CAM 3D Print, KERN Ultra Precision, Part Marking and Ultrasonic Wash System.

WLR has a long-established reputation for manufacturing to exacting tolerances down to 1 micron if required, building both prototypes and production runs to clients’ specifications. Quality Assurance is paramount backed by a robust ISO 9001:2015-certified quality system.

Kevin Callon will remain with the business as a consultant and continue to support its next phase of growth.

Kevin Callon said:
“WLR has built its reputation on precision, quality and delivering for our customers’.  Joining the Parklands Capital group will allow us to strengthen our capabilities further, invest in our people and facilities, as well as offering our customers an even broader range of high-quality manufacturing solutions. I look forward to working with Tony and Charlie to continue developing the business.”

Charlie Sharman, Co-founder & CIO of Parklands Capital, said:
“WLR is an exceptional business with a 57-year track record of delivering reliable, high-quality products to demanding sectors. Kevin has continued to build a company with deep engineering expertise and a customer-first mindset that aligns perfectly with our culture.

With Parklands’ support infrastructure, WLR will be able to expand its capabilities, invest in technology, and continue offering market-leading service while benefiting from the scale of our growing group.”

Founded in 2024 by Tony Rudden and Charlie Sharman, Parklands Capital is a UK-based precision engineering manufacturing group executing a disciplined buy, build and hold strategy across the fragmented metal fabrication and laser cutting markets. The group focuses on profitable, asset-backed businesses with strong customer relationships and highly skilled workforce.