Freehold Hydraulic Engineering Company – Design, Manufacture & Repair speci

Price:

Freehold - £1,550,000

Turnover:

Seller Ref:

IL017

Location:

UK Non-Specific, North East England

Business Type:

Corporate Businesses, Manufacturing companies

See Other:

Engineering companies for sale in UK Non-Specific
Other manufacturing companies for sale in UK Non-Specific
Engineering businesses for sale in UK Non-Specific
Manufacturing companies for sale in UK Non-Specific
Corporate businesses for sale in UK Non-Specific

Description:

THE BUSINESS:

This is a wonderful opportunity to acquire a Hydraulic Engineering company that has worked closely with the offshore Oil & Gas Industry for over twenty four years. They offer a full turnkey solution for their customers and are the leaders and innovators in design, manufacture and repair of Hydraulic Cylinders and Hydraulic Systems. The customer database includes world renowned Blue Chip clients with over 95% of their business coming from these regular repeat customers.

The company is registered ISO 9001 2000 Quality Management System and previously held the equivalent BS5750 since 1992. There are three separate divisions within the company each of which is offered as part of the total sale.

The company is expert in redesigning all types of equipment for greatly improved reliability and performance, with allied reduced maintenance costs. The ability to deliver skills and accuracy for such demanding industries are a testament to the company’s reputation as an innovator and supplier of the highest calibre. They have also developed and designed three unique hydraulic systems three of which have international patents in place with the most recent a “rig skidding system” which has attracted attention from the world largest petrochemical companies, one of which currently has the device on trial

Location Details:

There are three factory units, two of which are owned by the partners and the other is on a rental basis.