Booth Industries reincorporates for international future
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Bolton manufacturer Booth Industries has reincorporated as Booth Industries International following a remarkable turnaround since its acquisition out of administration in 2019.
The Nelson Street business was bought by Avingtrans in June 2019 for £1.8m when its former owner Redhall Group went into administration.
However, today, Avingtrans, which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announced the move, and confirmed that Booth has become a standalone company, independent of its current parent company Stainless Metalcraft.
Booth has exceeded all internally set performance targets since its acquisition, said Avingtrans, which added that the reincorporation and international focus do not mean Booth Industries is moving away from its Bolton roots, but reflects its capability to provide specialist solutions to customers around the world.
As part of its wider investment programme, the business has recently laid the foundations for a new state-of-the-art manufacturing facility at its Nelson-Street site, that will bring its overall UK capacity to 6,400 sq m.
As well as expanding its specialist manufacturing floor space, the new development – which is due to open later this year – will see investment in new materials handling equipment, Factory Acceptance Testing (FAT) facilities and improved site welfare.
Booth Industries will remain part of Avingtrans PLC’s Process Equipment and Rotating Solutions (PSRE) division.
Mike Jenkinson, managing director at Booth Industries, said: “This is a landmark moment for the business and one I’m tremendously proud we are able to move forward with.
“Historically, Booth Industries enjoyed an international reputation as a leading supplier of performance-certified, specialist doors and walls, but it experienced difficult times prior to its acquisition by Stainless Metalcraft.
“The whole team has worked tremendously hard since that time to understand the strengths and weaknesses of the business, investing time and resources to update our systems and hone our strategy, to focus on areas of genuine strength and opportunity.
“We believe we now have a world leading offer and, with strong financial and operational foundations firmly established, we are well placed to make the most of these opportunities around the world. The reincorporation and resultant rebrand reflects our revised, international focus and, by operating as a wholly independent business unit, we can focus fully on taking the business to the next level.”
Austen Adams, managing director of the Avingtrans PRSE division, said: “Since we acquired the business in 2019, the Booth team has worked tirelessly to turn the business around, re-building confidence in key sectors and securing – as previously disclosed – over £70m of orders, including major contracts with Crossrail, HS2 and other critical national infrastructure projects.
“Having made such progress and invested in new systems that will enable the business to operate more efficiently, we believe the time is right to reincorporate and reposition the business, to continue along its growth trajectory as an independent entity with a global capability.”