Ireland’s Mincon Group has acquired UK based tungsten carbide manufacturer Marshalls Hard Metals Limited. The business and assets have been transferred to a new company, Marshalls Carbide Limited, which is a 100% owned subsidiary of the Mincon Group. Financial terms of the transaction have not been disclosed.
Marshalls Hard Metals, based in Sheffield, UK, is one of Europe’s leading tungsten carbide specialist manufacturers supplying the oil and gas, construction and mining, aerospace and engineering Industries.
In the 12 month period to the end of December 2014, it is reported that the business had revenues of approximately £4.25 million, of which sales to Mincon accounted for approximately 20%. Marshalls brings with it a highly skilled workforce of 46 employees and will continue to trade from the same premises.
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