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Bodycote completes acquisition

Posted on 20 Apr 2020 and read 864 times
Bodycote completes acquisitionMacclesfield-based Bodycote
plc, a leading provider of heat treatments and specialist thermal processing services, has completed the acquisition
of US-based Ellison Surface Technologies, creating one of the largest providers of thermal spray and engineered coating surface technology services in the world.

Stephen Harris, Bodycote Group chief executive, said: “This acquisition builds upon our ongoing efforts to build our specialist technologies portfolio and enhance our exposure to the civil aerospace market, where we see structural growth over the long term, notwithstanding the shorter-term hiatus in the industry.

Ellison’s business is one that we have respected for a long time and is a perfect strategic fit for Bodycote’s specialist technologies businesses.”

Bodycote (www.bodycote.com) continues to execute its strategy to invest in specialist technologies and secular growth businesses.

Ellison’s business is an excellent strategic fit with Bodycote’s existing surface tchnologies business, which itself has seen strong structural growth in recent years.

The expanded business can now offer additional technologies and added resources to consolidate its leadership in surface coating solutions and specialist processes, including thermal spray coating, liquid coating, thermal processing, and diffusion coating.

These operations will be fully integrated into Bodycote’s business model both from an operational and commercial perspective and will operate going forward under the Bodycote brand.

Mr Harris said: “The acquisition will also help position Bodycote to reach its next phase of growth.

“Ellison has been successful in winning new business in recent years and it will be very complementary to Bodycote’s existing Surface Technology business.

“We look forward to leveraging our combined workforces to create a new strategic position to successfully enhance our services to support the aerospace market.”