Elite Tooling acquired by France's Tivoly

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
See Terms and Conditions.
One-off usage is permitted but bulk copying is not.
For multiple copies contact the sales team.

Supporting Information

Related Companies
Elite Tooling Ltd

Do you have any comments about this article?

Name

Comments

Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.