Assets of historic manufacturing firm bought from administrators

Tue, 06 Dec 2016 | BUSINESS SALE

The assets of a historic manufacturing firm have been bought from administrators.

According to Insider Media, Cambridgeshire-based Stainless Metalcraft has acquired the assets of Whiteley Read in Rotherham.

Whiteley Read was founded in 1937 and supplies pressure vessels and packaged equipment, with many of its customers in the oil and gas sector.

Stainless Metalcraft, part of the engineering technology group Avingtrans, makes equipment for work in hazardous environments for sectors including power generation, nuclear, oil and gas and ‘big science’.

Austen Adams, managing director of Avingtrans' energy and medical division, was quoted as saying: "While the oil and gas industry as a whole has been struggling in the wake of falling oil prices, Whiteley Read has an excellent reputation for the quality of its components and the business’s experience and capabilities strongly complement our own.

"The assets bring much needed additional capacity to meet our future growth plans.

"We have immediate contracts in place to fill the factory with overspill from existing operations, and real potential to develop additional business in both current and new markets.

"We will continue serve the market under the Whiteley Read name and I’m excited by the prospect of working to drive the company into better times."

Find manufacturing businesses in administration.


Share this article



Latest Businesses for Sale

Bakery
North East, UK

Specialises in the provision of a range of premium pastries, hot and cold snacks, speciality cakes and freshly baked breads for major supermarkets and local businesses across the North East. Highly skilled and experienced workforce whose professional...

Asking Price: Offers Invited
Turnover: £1,900,000

LEASEHOLD


Off-Licence & Convenience
Ibstock, Leicestershire, UK Wide

The business has been operated by the current vendors for over 25 years and this is the first time the site has been advertised on the open market for over 100 years. The business has built up an enviable reputation throughout the area for quality an...

Asking Price: £450,000
Turnover: £751,000

FREEHOLD


MOT Test Centre/Vehicle Repair Business
Staffordshire, UK Wide

Well-established and very popular MOT station and vehicle repair business Staffordshire. The business was established by our client in 2005 and is only now being offered to the market due to our clients’ desire for change of direction and to concentr...

Asking Price: £450,000
Turnover: £319,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Aug
 

Payroll and HR companies acquired by software group | BUSINESS SALE

IRIS Software Group has finalised the agreement of intent to...

 
14
 
Aug
 

NG Bailey’s acquisition of Freedom boosts its turnover by 16 per cent | BUSINESS SALE

Engineering and services group NG Bailey’s strategic a...

 
13
 
Aug
 

Forensic science equipment supplier completes MBO | MBO/MBI

A private equity firm has backed the management buyout of a ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources