£7m turnover metal coatings firm swallows rival

Luke Collins, left, of Wallwork Group, and Dr Graeme Forster of Metaltech

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Bury-based thermal metal coating specialist Wallwork Group is acquiring County Durham company Metaltech.

Wallwork, founded in 1959 by Robert Wallwork employs 250 people. The most up-to-date accounts to March 31, 2016 show the company had revenue of £7.1m, but made a pre-tax loss of £361,124.

Metaltech was founded in 1981 by Ron Scott with Dr Graeme Forster joining the company in the early 1990s before becoming managing director. The company employs 22 staff.

Wallwork has plans to invest in the Metaltech site and also base some of its transport operation there.

Luke Collins a graduate engineer with 12-plus years of experience within the Wallwork Group, is to become site director at Metaltech.

Collins said: “This is a good fit for us and strengthens our range of metal heat treatments, hard coatings processes and customer service promise.

“Adding a facility in the North East means we can provide an even faster service to customers there and extend our transport service into Scotland, giving greater flexibility within our Manchester, Birmingham and Cambridge sites for further growth.”

Forster added: “Joining Wallwork, a firm founded on the same principles of a business that believes people are its greatest asset, is a positive step as Ron steps out to pursue his other interests.

“More importantly, the deal will ensure the future of the business and employees as well as giving Metaltech the wider product portfolio of the Wallwork Group to offer our clients.”

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