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

Elderly Care Home
Essex, South East, UK

Old Age and Dementia Care Home, Essex – Registered for 27. Care home registered for 27 service users within the categories of old age and dementia care. The home has benefited from an extensive refurbishment programme, since then the home is rapidly...

Asking Price: £895,000
Turnover: £389,821

Care Home
West Midlands, UK

Care home in convenient West Midlands location, registered for 38 residents specialising in dementia care. This attractive and highly reputable home features all single bedrooms. Our client has owned the business since the early 1990's and has chosen...

Asking Price: £2,200,000
Turnover: £1,018,560

Fish & Chips Takeaway
Cornwall, UK Wide

A very successful fish and chip takeaway enjoying a prominent and highly visual trading location in the south Cornwall town of Helston. Well-appointed takeaway area with 7-pan gas range, adjoining retail area, storage and preparation rooms. Spacious...

Asking Price: £675,000
Turnover: £365,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
28
 
Jan
 

Fairstone completes double acquisition | BUSINESS SALE

Tyne and Wear-based consolidator Fairstone Financial Managem...

 
27
 
Jan
 

Amigo founder puts company up for sale | BUSINESS SALE

Amigo founder James Benamor has put the subprime lender up f...

 
24
 
Jan
 

Hawkin’s Bazaar enters administration | ADMINISTRATION

Norwich-based novelty toy retailer Hawkin’s Bazaar has...

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