80 jobs saved at Doncaster firm
Posted on 06 Nov 2019 and read 704 times
More than 80 jobs have been saved after Enact, a dedicated £30 million SME fund, agreed to buy the trade and assets of Doncaster-based Bawtry Carbon International.
The latter manufactures consumable carbon-based products for use in aluminium smelting and has an international customer base, exporting from its facility in Austerfield, where it has traded since 1972.
Enact fund partner Chris Cormack, who will now join the Bawtry Carbon board, said: “We are delighted to have completed the transaction and resolved an uncertain time for employees and other stakeholders.
"Bawtry Carbon has a unique position in a growing market, and we are excited about supporting the management team.
"They have shown remarkable resilience over the last five years, firstly to rebuild the factory after a fire in 2013 and latterly stabilising the business despite parent group pressures creating cash constraints that were no fault of the company and ultimately led to the administration.”
Carl Hammerton, Bawtry Carbon’s managing director, said: “The business is built on strong partnerships in the supply of high-quality carbon products to our customers in the primary aluminium industry.
"Due to our strong market presence and reputation, there was significant interest from several parties. In Enact, we have a partner that we believe will add true value to us as a business.”