Paralloy Group has bought Manoir Industries. As part of the purchase the company has also acquired Hi-Tech Fabrication, based in Burton in Derbyshire.
Manoir was established in the Normandy region of France more than 100 years ago. It employs 440 people and its latest annual turnover was more than £72m.
Hi-Tech Fabrication began trading in 1999 as a small fabrication shop but has grown significantly. It now has customers in more than 30 countries and 60 staff. There will be no redundancies at either business.
Both of the acquisitions design and produce complex metal parts for a number of industries including defence, nuclear and petrochemical.
Within the past four years – as well as the deal for Manoir and Hi-Tech Fabrication – the group has expanded from its original operations in Billingham and Sheffield, acquiring four new sites in Middlesbrough, Billingham and Sheffield.
