Jobs saved at Rochdale stainless steel specialist following acquisition
A Rochdale metalwork business has been saved, and 29 jobs, following a takeover by specialist engineering services group, Belgrave & Powell.
The company, working in conjunction with Realta Consulting and Strala Investments, acquired Trufab from joint administrators Leonard Curtis for an undisclosed sum on April 6.
The deal includes the business and assets, including all IP and goodwill.
Trufab was formed in 1990, operating from a 68,000 sq ft facility. It will now trade under the name Trufab Technologies Ltd.
It is a supplier of stainless steel fabrication components to the food, pharmaceutical and machinery industries and with the acquisition, Trufab Technologies will continue to offer a comprehensive range of services and products to its extensive customer base supported by enhanced capability of the new owners, said the new owner.
Paul Ward, a partner in Belgrave & Powell, will lead the company as part of Belgrave & Powell’s Machine Technology Group, and said: “We’re delighted to have acquired such great capability in high quality fabrication work via Trufab and their employees are a key part of the successful calibre and reputation built up with their extensive customer base both in the UK and internationally.
“Trufab will form a key part of our UK manufacturing growth plans in stainless steel fabrication for specialist applications and we look forward to growing this business into adjacent sectors within our complementary customer base. ”
Belgrave & Powell is a specialist engineering services group with activities including specialist machine tool services, robotics, automation, tooling manufacture and distribution operating from facilities in Rochdale, Preston, Plymouth and Tamworth.
Businesses in the group include Weld UK, Dean Smith & Grace Lathes, GAC Rail, Autotech Robotics, Addison Forming Technologies, Techni-grind and Maydown International.
Belgrave & Powell plans to grow each of the businesses organically as well as identifying future strategic acquisition opportunities with Realta Consulting.
Trufab achieved a turnover of £5m in the year to May 2020.