The new acquisition will form part of Belgrave & Powell’s Machine Technology Group (MTG) which comprises some of the leading UK specialists in high quality machine tool products, robotics, fabrication and automation covering a wide variety of applications for rail, aerospace, food, pharma, gas turbine, oil & gas, energy and automotive sectors.
The new Sharpe Tooling acquisition follows the retirement and planned closure of the Birmingham site by the founder Stewart Sharpe.
Founded in 1988, Sharpe Tooling has built up a high quality customer base for bend die tooling which post acquisition fully complement Belgrave & Powell’s subsidiary business, Addison Forming Technologies Limited.
Terms of the deal have not been disclosed however following completion, the entire business has been relocated successfully to MTG’s Preston facility with the creation of an additional six jobs in high precision tool making and further investment by the group in capital equipment.
The acquisition represents the 5th SME deal by Belgrave and Powell Ltd within 18 months whose focus is UK-based specialist engineering services with activities including machine tool services, fabrication, tooling manufacture and distribution.The group operates from facilities in Preston, Tamworth, Rochdale & Plymouth. Businesses in the group include Weld UK, Dean Smith & Grace, GAC Rail, Techni-grind, Maydown International, Addison Forming Technologies, Trufab Technologies, Autotech Robotics and now Sharpe Tooling.
