Metals business buys assets from collapsed heating group

Austen Adams

A Midlands-based metals business has strengthened its service offering by acquiring some of the assets of a heat exchange specialist in Yorkshire.

Aldridge-based Maloney Metalcraft has acquired certain of the intangible assets of Ormandy Group from administrators at KPMG.

A specialist design and engineering business, working primarily in the oil & gas and energy markets, Maloney Metalcraft has purchased certain of the intellectual property (IP) and other assets from the Halifax-based Ormandy Group and will integrate them within its business.

Maloney Metalcraft’s parent business, Avingtrans, has developed a reputation for turning around the fortunes of under-performing businesses in highly-regulated, engineering niche markets.

Austen Adams, managing director of Maloney Metalcraft, said: “Since its formation in 2000, Ormandy Group has developed a very good reputation for manufacturing high-quality products and providing excellent customer service. Unfortunately, challenging market conditions have taken their toll on the business over recent years.

“We are confident that by making the most of the synergies that exist between the Ormandy Group and Avingtrans’ businesses and using the capabilities that already exist within our own operations, we can breathe new life into the well-known brands of Ormandy, Rycroft and Newade.

“One of our first priorities will be to talk to existing customers to identify how we can best deliver their product and service needs.”

Ormandy Group, which manufactures off-site plant, heat exchangers and other HVAC (heating, ventilation and air conditioning) products has supplied systems for major projects such as The Shard and the refit of Wembley Stadium. It operates primarily in the HVAC, construction, offshore, defence, pharma and food processing markets.

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