Leicester Mercury

Manufactur­er buys rival


- By TOM PEGDEN tom.pegden@reachplc.com @tompegden

A METALWORKI­NG company has bought out a local rival.

Aerofab Fabricatio­ns acquired Paton Precision Engineerin­g in a move it said creates a platform for growth for both companies.

Oadby-based Paton Precision Engineerin­g has had a long-standing business relationsh­ip with Aerofab Fabricatio­ns, which designs, manufactur­es and installs bespoke metalwork, ranging from assembly lines for food producers to bespoke sculptures for hotels.

It will now become part of the Wigston fabricator’s group of companies, but keeping its name and remain in Kenilworth Drive.

Aerofab employs 40 people, designing, making and installing bespoke metalwork in industries including food production, medical and pharmaceut­ical, transporta­tion, rail, glass processing, constructi­on and nuclear energy.

A spokesman for Aerofab said the acquisitio­n – for an undisclose­d sum – would strengthen both businesses

which he said had traded strongly through 2020.

He said Aerofab Fabricatio­ns in particular was seeing growth from its existing customer base and increasing its focus on markets it

had yet to properly make the most of.

It plans to invest in IT and software at the newly acquired company.

Peter James, managing director of family-run Aerofab, said bringing the two businesses together would formally cement their long-standing working relationsh­ip.

He said: “We have worked closely with Paton Precision Engineerin­g for over 20 years, and the opportunit­y to bring them into the fold ticks every box for them and us.

“Their experience in precision machining is second to none, and we are gaining an incredible amount of additional expertise that will enable us to strengthen our propositio­n for customers, who often require bespoke fabricated solutions.”

As part of the acquisitio­n, Phil Curtis and Ian Wynter will remain within the business and continue heading up the management team.

Mr Curtis said: “We are delighted to become part of Aerofab Fabricatio­ns’ group, as this is a win-win and makes complete sense because the companies are so closely aligned anyway, with a can-do attitude for finding bespoke solutions.”

Mr James said: “The acquisitio­n helps to retain very experience­d people at a time when there is a real skills shortage in the sector.”

 ??  ?? WORKING TOGETHER: From left, Phil Curtis, Peter James and Ian Wynter
WORKING TOGETHER: From left, Phil Curtis, Peter James and Ian Wynter

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