Bromford Industries, today announces the acquisition of the trade and assets of Steelcraft Precision Ltd. The business was acquired out of administration.
Steelcraft is a supplier of precision machined Industrial Gas Turbine (“IGT”) components to Siemens, an existing customer of Bromford. The business has turnover of c.£1.7m.
CEO of Bromford, commented: “The acquisition of Steelcraft, our second in two months, continues our strategy to become a consolidator in our industry. The acquisition of Steelcraft expands our capability within the IGT sector and enhances our position as a leading supplier to Siemens. The financial resources provided by Darwin have enabled us to move quickly and we are well-placed to continue to make further acquisitions.”