£7m business created following tech company fusion

TWO prolific exporters have merged, after a Dewsbury company acquired another manufacturer.

Chesterfield-based Fusion Equipment has been acquired by Caldervale Technology, creating a £6.75m-turnover business.

Caldervale Technology manufactures systems and tools for welding plastic pipes and it has plans to grow the business by 30% over the next five years.

Staff at Fusion will be moved to a building adjacent to its current site, and Caldervale’s current premises in Dewsbury will be retained. The business manufactures across three sites and exports 55% of its products.

Co-owner and managing director of Caldervale Technology, Gordon Lilley, said: “The Fusion Group is a major name in our industry and it is something we have aspired to for years. This is a fantastic opportunity for us to add more to our existing product range and is a great platform for us to be able to grow both businesses.

“This is a great deal for everyone involved and we jumped at the chance to get involved with a great business like the Fusion Group and build a stronger relationship.

“We plan to invest in Fusion Equipment and deliver even more to their customers by making use of our skills and innovation. In return, our product range will be available to even more people around the world.”

Fusion Group managing director, Kevin Raine, said: “Fusion Group will continue to supply its’ clients with the same range of equipment products, however we hope in the near future to benefit from the focus , expertise, skills and management that the Caldervale Technology team will bring to Fusion Equipment Limited.

“We look forward to building a long and close relationship with Caldervale Technology.”