Jobs saved at troubled Wigan steel firm
A NORTH West steel company has saved 60 jobs after buying a troubled rival.
Bury-based William Hare Group has rescued French-owned Wigan company Eiffel Steelworks from administration.
Eiffel has been trading since falling into administration on November 17. Joint administrators Matthew Dunham and Adam Stephens of Smith & Williamson, led the successful sale process.
The acquisition by the privately-owned and family-run William Hare Group, will complement its operations across Lancashire and Yorkshire providing fabrication, plating and welding of structural steelwork.
Based in Ince, Eiffel produces up to 10,000 tonnes of fabricated steel a year. Work has included landmark projects such as Canary Wharf and the retail and leisure destination Liverpool One. Current orders include providing structural steel for the transformation of the Olympic Stadium in to the new home of West Ham United football club.
Matthew Dunham, Manchester based partner at Smith & Williamson said: “The decision to keep trading and so maintain the order book has made the business more attractive to potential buyers. We received interest from a number of parties and are delighted to have achieved this sale.”
His colleague Adam Stephens added: “This is excellent news for the employees who have remained supportive and proved themselves to be loyal to the company during the uncertainties of recent weeks.”
