News: WEC Group acquires £7m Rotherham factory for MTL
WEC Group Ltd, one of the largest engineering and fabrication companies in the UK has acquired a 300,000 sq ft factory and 30 acres of land as a way of strengthening operations at its Rotherham-based site, MTL Advanced.
A project manufacturing specialist in the metal sector, MTL processes around 25,000 tonnes of material annually and is capable of handling all sizes and types of work from carbon steel to aluminium. It supplies leading names in sectors such as defence, construction, offshore and renewable energy, recycling and rail.
The £7m acquisition of the Brinsworth facility, which has been occupied by MTL since 2011, is part of an ambitious programme of investment throughout the Group aimed at increasing manufacturing space and giving room for further growth.
The site houses state of the art equipment and dedicated teams of engineers working on projects for clients such as BAE Systems, Rheinmetall, and General Dynamics.
Last year, the Lancashire-based WEC Group, which comprises 14 companies specialising in welding and fabrication, brought the company out of administration, saving 135 jobs. Since then, the total investment of the group has topped £11m.
Steve Hartley, managing director at WEC Group, said: "The acquisition of the facility is a considerable addition to the Group's assets portfolio which will give us a long term competitive advantage. It also gives us much needed room for future expansion."
Originally built in 1990 as a former distribution depot and lorry park for Excel Logistics, the sizeable property was converted for industrial use in 2010 when MTL relocated from 112,000 sq ft of manufacturing space in Darnall, Sheffield. It is in fact larger than WEC's seven other manufacturing facilities grouped together and has raised the WEC Group's overall manufacturing floorspace to over 500,000 sq ft.
Richard Clithero, associate commercial property solicitor at Forbes Solicitors, added: "This site is a substantial facility and the acquisition represents a real commitment to the area by WEC Group. With this purchase following on from the acquisition of the MTL business, it is great to see WEC Group going from strength to strength."
In addition to the recent property acquisition, a further £1m was invested late 2015 in new equipment at the site to increase capacity and widen the range of services the Group can offer. This includes a state-of-the-art six metre bed laser cutting machine as well as an in-house wet painting line.
The company has created 55 new jobs since coming out of administration and has invested in a new in-house training school to mirror WEC's award winning Welding & Engineering Training Academy, creating six new apprenticeship positions in the process.
Wayne Wild, commercial director at the WEC Group, said: "We have really hit the ground running, and as a result we have seen some very positive and encouraging results. MTL is continuing to move forward in the right direction and we have got some very large contracts in the pipeline. The acquisition of the Grange Lane facility will give us a better control of our cost base and will pave the way for future success."
Karl Stewart, sales director at MTL is excited for the future and the opportunities that now exist for the Rotherham firm. He said: "The partnership with WEC Group is already proving to be very strong and has enhanced our capabilities, which is a major advantage to all our customers.
"The additional capacity that the deal has brought is proving to be another big positive."
MTL Advanced website
Images: MTL Advanced
A project manufacturing specialist in the metal sector, MTL processes around 25,000 tonnes of material annually and is capable of handling all sizes and types of work from carbon steel to aluminium. It supplies leading names in sectors such as defence, construction, offshore and renewable energy, recycling and rail.
The £7m acquisition of the Brinsworth facility, which has been occupied by MTL since 2011, is part of an ambitious programme of investment throughout the Group aimed at increasing manufacturing space and giving room for further growth.
The site houses state of the art equipment and dedicated teams of engineers working on projects for clients such as BAE Systems, Rheinmetall, and General Dynamics.
Last year, the Lancashire-based WEC Group, which comprises 14 companies specialising in welding and fabrication, brought the company out of administration, saving 135 jobs. Since then, the total investment of the group has topped £11m.
Steve Hartley, managing director at WEC Group, said: "The acquisition of the facility is a considerable addition to the Group's assets portfolio which will give us a long term competitive advantage. It also gives us much needed room for future expansion."
Originally built in 1990 as a former distribution depot and lorry park for Excel Logistics, the sizeable property was converted for industrial use in 2010 when MTL relocated from 112,000 sq ft of manufacturing space in Darnall, Sheffield. It is in fact larger than WEC's seven other manufacturing facilities grouped together and has raised the WEC Group's overall manufacturing floorspace to over 500,000 sq ft.
In addition to the recent property acquisition, a further £1m was invested late 2015 in new equipment at the site to increase capacity and widen the range of services the Group can offer. This includes a state-of-the-art six metre bed laser cutting machine as well as an in-house wet painting line.
The company has created 55 new jobs since coming out of administration and has invested in a new in-house training school to mirror WEC's award winning Welding & Engineering Training Academy, creating six new apprenticeship positions in the process.
Wayne Wild, commercial director at the WEC Group, said: "We have really hit the ground running, and as a result we have seen some very positive and encouraging results. MTL is continuing to move forward in the right direction and we have got some very large contracts in the pipeline. The acquisition of the Grange Lane facility will give us a better control of our cost base and will pave the way for future success."
Karl Stewart, sales director at MTL is excited for the future and the opportunities that now exist for the Rotherham firm. He said: "The partnership with WEC Group is already proving to be very strong and has enhanced our capabilities, which is a major advantage to all our customers.
"The additional capacity that the deal has brought is proving to be another big positive."
MTL Advanced website
Images: MTL Advanced
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