|
|
|
|
|
|
|
|
|
|
24/06/2009
 Email to a friend
|
| |
Elite Tooling, Rotherham, has been acquired by the largest manufacturer of cutting tools in France, Tivoly Group.
 Elite Tooling had a turnover in 2008 of €1 million (£830,000), with earnings before interest, taxes, depreciation and amortization (EBIDTA) of 20 per cent. The company employs six people, and the existing directors and staff will all remain with the company.
The Tivoly group says that the new member of the group reinforces its position as a first tier supplier in the aeronautical industry, and that the combination of highest quality and short lead time delivery will give them a considerable advantage in this market.
Elite Tooling is positioned within a niche market, claimed unique within their market segment ,as an SME fully competent in the design, development and manufacture of highly specialised cutting tools, with a 2-7 day turnaround.
"This is a very exciting time for our business as it puts us in a strong position to serve a much larger market," said Bob Hill, managing director, Elite Tooling. "We are looking forward to the advantages of being part of a global group, while retaining our core values of excellence in quality, service and technical support."
Pictured: Front row L to R:
Neil Highfield - Allotts chartered accountants
Bob Hill - Elite Tooling Ltd
Lindsay Butterfield - Elite Tooling Ltd
Noel talagrand - Tivoly Group
Back row L to R:
Chris Auburn - Bradford & Son Solicitors
Stephen Watson - Allotts chartered accountants
Jean-Michel Tivoly - Tivoly Group
Rebecca Stopford - Oxley and Coward solicitors
|
|
| |
Author
Andrew Allcock
|
| |
| |
|
| |
This material is protected by Findlay Media copyright 2010.
See Terms and Conditions.
One-off usage is permitted but bulk copying is not.
For multiple copies contact the sales team.
|
| |
|
|
| |
To comment on news stories or blogs you need to complete our 60 second registration process. Once completed this then allows you to download any and all white papers, register for e-zines and access our detailed supplier directory for FREE.
If you are all ready a registered user then enter your e-mail address and login.
You will need to have logged in prior to entering your comments in the boxes provided.
|