Walsall manufacturer Boltight snapped up by Swedish firm

MANUFACTURER Boltight has been sold to Swedish firm Nord-Lock Group for an undisclosed sum.

The Walsall firm was founded in 1999. Its hydraulic bolt tensioning systems have a global reputation and the firm’s products are used in demanding environments in a multitude of markets, ranging from energy to engineering, and construction to mining.

The Nord-Lock Group also specialises in bolt securing and bolt tensioning systems.

The directors of Boltight will continue to manage the company at its Walsall base.

Fred Heaton, managing director of Boltight, said: “We welcome the acquisition and the opportunity of accelerated growth made possible by becoming part of the Nord-Lock Group.”
 
Ola Ringdahl, CEO of the Nord-Lock Group, added: “We are excited by the acquisition of Boltight which takes us one step further to achieving prominence in the global business of bolt securing systems.

“Boltight´s high-quality product range will open up many interesting business opportunities.”
 
Mark Gibson, corporate partner at Birmingham-based law firm DWF, advised Nord-Lock Group on the deal alongside Charles Jemmett, Sophie Doyle, Jon Stevens and Sarah Koenig.

Gibson said: “This acquisition is a significant milestone for the Nord-Lock Group, allowing expansion into new markets.”
 
Sukie Shemar, head of corporate and partner at Walsall-based law firm Enoch Evans, acted for the vendors.