A metal company is expecting to grow into new markets after completing an acquisition.
Specialist steel and nickel alloy bar supplier Langley Alloys Holdings, in Newcastle, has purchased Copeland and Craddock, a firm which it has been a long-time customer of.
Langley Alloys Holdings CEO Chris Halliday said: “The Copeland and Craddock acquisition reflects the strategy we have been pursuing over the past five years to strengthen our value-added services in the business; with the addition of Copeland and Craddock it will bring our annual revenue to £45 million.
“The acquisition will generate synergies within our core bar distribution businesses and provide an opportunity to invest and grow our footprint in new markets.”
Copeland and Craddock are the UK’s premier sub-contract centreless peeling facility with 12 peeling machines covering a sizes range of 12 mm to 225 mm.
The company developed and patented its own specialist machinery, advancing the bar peeling technology of the day, and the business still utilises this technology in its core activities to provide an excellent centreless bar turning, straightening and cutting service to its customers.
Copeland and Craddock’s operations and staff will continue at its site in Congleton, but an investment will be made into the facilities and also new equipment.
Chris, pictured above, added: “Our approach and plan is to ensure a smooth transition for the business, its staff, customers and suppliers with support from David Stafford, the retiring Managing Director, who will be staying on with the business through a transitionary period as he eases himself into full retirement.”
Neil Carne has been appointed the new General Manager for the business and will be moving from his current role as Operations Manager of Langley Alloys (UK) Ltd to his new role at Copeland and Craddock.
