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.
A spectacular 41-bedroom, 3* hotel in historic village, popular with tourists. Situated at "the Gateway to the Highlands" & West Coast mainline railway junction.
FREEHOLD
With its picturesque location in the Isle of Whithorn on the beautiful Solway Coast of Dumfries & Galloway in South West Scotland. The inn, which has been owned and operated by the same family for over 40 years, has 7 Letting Bedrooms, 2 bars and 2 r...
FREEHOLD
Located on the Island of Burray, just off mainland Orkney, once only accessible by boat, but now linked by the iconic causeways - the Churchill Barriers. The hotel itself has an imposing position overlooking the beach and Burray Harbour, with stunnin...
FREEHOLD
01
|
Jul
|
UK administrations update: June 25 - July 1 | ADMINISTRATION
Since our last update, the following businesses have been co...
01
|
Jul
|
Fox Group acquires haulage firm in first Stellex-backed deal | BUSINESS SALE
Construction materials provider Fox Brothers Holdings has ac...
30
|
Jun
|
Specialist electronics manufacturer to be acquired in £20m deal | BUSINESS SALE
Landguard Nexus Limited, a specialist electrical and electro...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.