Renold plc (AIM:RNO) is looking for acquisitions. Robert Purcell, Chief Executive Officer said, "With net debt at a multiyear low and a stable and experienced team in place, we're ready to make a meaningful acquisition and are actively managing a pipeline of opportunities. The Renold strategy continues to evolve with the launch of STEP2 with a particular emphasis on growth, both organic and acquisitive.

We do realize the short-term economic environment is not particularly conducive to growth, but we're setting out our strategy for the long term, not the short term".