Find a service

T. 0114 276 5555

Acquisition of Metal Fabricator Saves Jobs and Retains Key Skills

Share this page:

Leading UK storage designer and manufacturer Craven & Co Ltd has acquired Bradford-based sheet metal fabricator Wm Spence Sheet Metal Ltd from the retiring shareholders in a deal securing the future of the entire workforce.

Craven FactoryWm Spence Sheet Metal, a specialist firm established 25 years ago, employs 19 skilled staff who will continue to operate out of the Bradford plant. Retiring shareholders Steven Jackson and Trevor Davies will remain in the business for an agreed handover period.

Neil Large, corporate partner at hlw Keeble Hawson LLP, one of the region’s biggest law practices, with offices in Leeds, Sheffield and Doncaster acted for the retiring shareholders in the deal.

Angus Milnes, director of Knaresborough-based Craven & Co said: “Our purchase of Wm Spence Sheet Metal - which has an excellent reputation for quality and delivery - will enhance our technical capabilities and increase our skills base. Further expansion of the Bradford site is in our sights as a result.”

Founded in 1958, Craven & Co designs and supplies hygienic storage and handling systems to the catering and health sector. In recent years the business has developed and expanded through strategic acquisition and increased its stainless and mild steel product range in line with this growth.

Neil Large of hlw Keeble Hawson said: “Wm Spence Sheet Metal is a long established Bradford business with a strong work ethic and track record in design and manufacturing skills. It is highly regarded in its field and will complement Craven & Co’s continued expansion and reputation as a market leader.”

Morton Price Solicitors in Sheffield acted for Craven & Co and Richard Doyle of Auker Rhodes provided tax and accounting advice and assistance to the buyer.

Share this page:

Get in Touch