Wed, 09 Jul 2025 | BUSINESS SALE
The Calder Group, a pan-European engineering group headquartered in Chester, has completed the sale of two subsidiaries as part of a turnaround plan. The strategic divestment of niche metal stockholder Leeds Bronze Limited and precision engineering specialist Helander Precision Engineering Limited will enable the group to focus on its core metals business.
Leeds Bronze operates from a bespoke facility in Yorkshire and has more than 45 years of history as a premium metals stockholder.
In the year to May 31 2024, Leeds Bronze Engineering Limited reported revenue of around £5.9 million, down 12 per cent from £6.7 million the previous year. Operating profit, however, more than doubled from £219,000 to nearly £500,000.
Helander Precision Engineering was founded in 1975 and operates from a Gloucestershire site. The firm manufactures mission critical components for blue-chip customers with a high-degree of specification, focusing on complex engagements in sectors including energy, aerospace and defence, construction, nuclear, marine and industrial.
In accounts for the year ending May 31 2024, Helander Precision Engineering Limited reported revenue of approximately £7.3 million, down from £8.1 million a year earlier, while post-tax losses widened from £627,000 to nearly £1.1 million.
The transaction, which was supported by Forvis Mazars, is part of Calder Group’s turnaround plan led by CEO Mike Saunders, with the group moving to focus on its core operations globally.
The two subsidiaries have now become part of the GIL Investments portfolio, which comprises manufacturing, engineering and other niche businesses.
Lead financial adviser Forvis Mazars provided pre-sale consulting advice, offer negotiation, negotiating net debt and normalised working capital adjustments.
The Calder Group is a pan-European metals and engineering group that serves a global customer base spanning sectors including construction, aerospace and defence, oil and gas, healthcare, nuclear, marine and security.
Carve-outs of non-core business units have become increasingly prominent in the years since the COVID-19 pandemic
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