Corac, a Slough-based engineering group, has acquired a laser cutting and sheet-metal fabrication business. Shaw Sheet Metal, which operates from two facilities in the Greater Manchester area, will be integrated into Corac’s other activities in the North West. The purchase was completed for a cash consideration of £800,000.
Corac said that the acquisition is expected to generate further business growth and allow it to pursue new opportunities for “high-integrity fabricated products” in its other markets, particularly the aerospace
and defence sectors.
Chief executive Phil Cartmell said: “Buying Shaw helps Corac to build an even more capable specialist engineering business to support our customers’ critical applications.
“We will use this to serve customers more fully from the connected skills across the group and to work across adjacent sectors, where our strengths in complex engineering are most valued.
“We are committed to working with our customers and partners to the greatest extent possible, and we will build our capability to do this through organic growth and selected acquisitions in our core markets of aerospace and defence, as well as energy and process industries.”