In a strategic move to strengthen its position in the UK manufacturing sector, Devon-based Expromet Technologies Group has successfully acquired Tiverton Fabrications, a well-established fabrication and welding business located in Tiverton. The financial details of the transaction remain undisclosed, but the acquisition is set to significantly expand Expromet's operational reach and service offerings across the country.
Expanding Manufacturing Capabilities
Expromet Technologies Group, headquartered in Ilfracombe, Devon, has announced that integrating Tiverton Fabrications into its portfolio will enable the company to provide a more comprehensive suite of manufacturing services. This includes casting, machining, welding, fabrication, and assembly across its various sites, thereby enhancing its ability to serve diverse industrial sectors.
A Decade of Growth and Specialisation
Founded ten years ago, Expromet has built a robust group of precision engineering businesses. Its subsidiaries include Haworth Castings in Romsey, which specialises in sand and gravity die casting; Investacast in Devon, focusing on investment casting and pressure die casting; and Metaltech Precision in Somerset, known for CNC machining and fabrication. The group caters to a wide array of industries such as defence, aviation, marine, medical, energy, and automotive.
Tiverton Fabrications' Legacy and Expertise
Tiverton Fabrications, established in 1983, brings over four decades of expertise in precision welded tubes and cylinders. The company serves global customers in sectors including cryogenic, pump, and medical industries. Its long-standing reputation for quality and innovation makes it a valuable addition to Expromet's expanding network.
Strategic Vision and Future Prospects
Rob Guest, Chief Executive of Expromet Technologies Group, expressed enthusiasm about the acquisition, stating, "We are delighted to welcome Tiverton Fabrications to Expromet. This acquisition marks another important step in our strategy to build a group of complementary precision engineering businesses." He emphasised that Tiverton Fabrications' expertise will naturally extend the group's existing capabilities, allowing for a comprehensive manufacturing solution from concept to finished assembly.
Noel Sugden, Production Director of Tiverton Fabrications, highlighted the benefits of the merger, saying, "Joining Expromet opens up new opportunities for our customers and our team. Expromet's investment, technical capability, and global industry experience will enable us to expand our capabilities while maintaining the high standards and personal service our customers expect."
Enhancing Domestic Manufacturing Scope
Mr Guest further explained that the acquisition will bolster the group's domestic manufacturing scope, making it easier for customers to source complex, high-quality components and assemblies. "With Tiverton Fabrications joining the group, we can deliver a broader range of manufacturing processes under one roof, supported by global sourcing partnerships that provide resilience and efficiency," he added, noting the importance of performance-critical components in demanding supply chains.
This acquisition underscores Expromet's commitment to growth and innovation in the precision engineering sector, positioning the group as a key player in the UK's manufacturing landscape.
