More than 70 jobs have been saved after the acquisition of a North Yorkshire business by Tyneside contract manufacturing company, Express Engineering
The Tyneside firm has stepped in to buy the business and assets of Burdon Limited, which went into administration on Friday, for an undisclosed sum.
The whole 76-strong workforce has been transferred to Express Engineering, which includes also got the manufacturing gear in the Stokesley Industrial Estate factory.
This will be used to expand services and reduce lead times to existing Express customers.
It’s expected the Burdon customer base may also be retained.
Also within the deal comes an almost completed, freehold, 25,000 sq ft factory, which will be ended to accommodate further expansion of the Stokesley operations, resulting in more skilled jobs.
Burdon was most recently providing precision engineering services to the industrial, defence, aerospace, automotive and petroleum and gas businesses and was established over 40 years ago – the latter two being key markets for Express Engineering.
The deal comes during per year where Express is celebrating 40 years in business.
When added from joint venture associate Brastec Technologies, to the recent buy out of Petrotec Components in Brazil, the worldwide workforce is increased by it to more than 375 – the majority of whom work in the firm’s Team Valley sites.