Jobs created as engineering group announces latest acquisition
Belgrave & Powell, the Tamworth engineering services group has acquired Sharpe Tooling, based in Birmingham.
The acquisition will form part of Belgrave & Powell’s Machine Technology Group (MTG) which comprises some of the leading UK specialists in high quality machine tool products, robotics, fabrication and automation covering a variety of applications for rail, aerospace, food, pharma, gas turbine, oil and gas, energy and automotive sectors.
The new Sharpe Tooling acquisition follows the retirement and planned closure of the Birmingham site by the founder Stewart Sharpe.
Terms of the deal have not been disclosed, however, following completion, the entire business has been relocated to MTG’s Preston facility with the creation of six jobs in high precision tool making and further investment by the group in capital equipment.
The acquisition represents the fifth SME deal by Belgrave and Powell within 18 months – last month it snapped up Trufab based in Rochdale, Lancashire.