Irish engineering firm snaps up Marshalls Hard Metals

AN Irish engineering firm has announced the acquisition of Sheffield’s Marshalls Hard Metals.

The business has been transferred to a new company, Marshalls Carbide Limited, which is a 100% owned subsidiary of the Mincon Group.

In the 12 month period to the end of December 2014, the business had revenues of approximately £4.25m, of which sales to Mincon accounted for approximately 20%.

There will be “minimal disruption” to the existing Marshalls business as a result of the change in ownership.

Marshalls a skilled workforce of 46 employees and will continue to trade from the same premises in Sheffield.

Financial terms of the transaction have not been disclosed.

The Mincon Group specialises in the design, manufacture, sale and servicing of rock drilling tools and associated products.

This strategic investment by the Group in the production of tungsten carbide further strengthens Mincon’s control over the production process and quality control procedures employed in manufacturing its products.

Squire Patton Bogg’s John Alderton, office managing partner, acted for Mincon, supported by Caroline Castle.