Former ‘nuts’ building sold to Garden Shed Manufacturer

AN INDUSTRIAL site once used for the production of KP Nuts has been sold to a Rotherham manufacturer of timber garden buildings in a £1.3 million deal.

The 152,000 sq ft site on Rotherham’s Chesterton Road has been snapped up by Timber Garden Buildings Ltd (TGB) for the manufacture and distribution of garden sheds, summerhouses, garden storage and other timber products.

Estate agents Knight Frank had previously let the units at the 4.8 acre site to Royal Mail for three months before the sale to TGB.

KP Nuts moved off the site after being bought out by German-headquarted multinational group, Intersnack, in 2012 and bagging a 141,000 sq ft building at Hellaby for a £16 million nut processing and packing facility.

Graham Vernon, managing director of Timber Garden Buildings Ltd, said: “The Chesterton Road site is perfectly positioned for our operations and enables us to expand the business through a more suitable manufacturing base and distribution set-up.”

Source: Michael Upton, Rotherham Advertiser, 16th February 2016

Sheffield Hallam University receives engineering donation

AESSEAL and The Institution of Mechanical Engineers have donated £50,000 to Sheffield Hallam University, aimed at encouraging more women to work in enginStephen Shaw AESSEAL, Jill Stewart SHU and Richard Folkson IMechEeering.

President of the Institution of Mechanical Engineers, Professor Richard Folkson, formally made the donation while visiting the University’s Department of Engineering and Mathematics.

Professor Folkson and other members of the Institution were met by Professor Jill Stewart, Head of Department, and Professor Alan Smith, Director of Materials and Engineering Research Institute (MERI), who gave them a guided tour of the MERI labs. Professor Folkson was also introduced to automotive engineering students and members of the Formula Student team.

Professor Stewart said, “The support of AESSEAL and the Institution of Mechanical Engineers is hugely appreciated as we strive as a department to encourage more women to study and work in engineering. As a female academic, I am in a position where I can help promote engineering as an excellent career for girls, which is a task I hold very close to my heart.

“The donation from the Institution will support our highly talented female engineers.”

Speaking during the visit, Professor Folkson said, “Sheffield Hallam’s MERI is a leading facility, not only in the UK, but globally. We are pleased to be able to make this donation to such an important University, which is creating the next generation of engineers.”

The Department of Engineering and Mathematics is one of the largest and most popular in the UK, with over 2,800 students following fully accredited undergraduate, postgraduate and PhD programmes. The Department is currently undergoing an £11M redevelopment, part-funded by HEFCE, to provide additional state-of–the-art resources and teaching facilities for Science, Technology,PR Hallam Engineering and Mathematics students.

Meanwhile, the Sheffield Hallam Solar Car Team have won an Institute of Mechanical Engineers award. The undergraduate engineering team, called Crucible, came first with their paper ‘Design Review and Validation of the SHU ‘Huntsman’ Solar Car’ at the Institution’s Viscount Weir Communications in Engineering awards.

 

For press information: Tim Ward in the Sheffield Hallam University press office on 0114 225 2811 or email tim.ward@shu.ac.uk

The Institution of Mechanical Engineers was established in 1847 and has some of the world’s greatest engineers in its history books. It is one of the fastest growing professional engineering institutions. Headquartered in London, we have operations around the world and over 113,000 members in more than 140 countries working at the heart of the most important and dynamic industries such as the automotive, rail, aerospace, medical, power and construction industries.

AESSEAL® was established in 1979, and quickly became one of the world’s leading mechanical seal and seal support system companies. Headquartered in Rotherham, and with operations in 42 countries, AESSEAL® designs, manufactures, and supplies mechanical sealing and reliability focused engineering solutions to major companies around the world across a broad range of industries.

MBO AT £12M-TURNOVER GLASS PACKING FIRM

A £12m-turnover business whose 400-plus workforce provides specialist labour and inspection services to the drinks and glass container manufacturing industries, including high-profile companies such as Allied Glass, Heineken and ABInBev, has been acquired in a management buyout (MBO).

Yorkshire Repak, headquartered in Barnsley, has been purchased by its senior management team led by managing director Terry Foy after the original shareholders, Neil and Diane Askham, had opted to step back from operational involvement 18 months ago.

Roger Esler and Paul Herriott at Dow Schofield Watts advised the vendors and led the refinancing, with Julie Bowler at HSBC South Yorkshire providing new funding to support the deal. Emma Greenwood of Shulmans provided legal advice to the buyout team and Nick Goulding of hlw Keeble Hawson acted for the vendors.

Yorkshire Repak provides its services to the drinks and glass container manufacturing industries across the UK and Europe. As well as its Barnsley site, the company also has facilities in St Helens and Cumbernauld alongside an operation in Europe.

Managing director and new majority shareholder Terry Foy said: “Having been with the company for over 26 years, I am still passionate about the business and my main priority was to ensure that our customers continued to receive the excellent standard of service they have come to expect.”

Richard Feltham added: “Yorkshire Repak is a highly successful and specialist service business and Terry Foy is well known and highly respected in the industry.

“All parties were keen for the business to continue to run smoothly throughout the management buyout, so we received a great deal of support from the buyers and the vendors.

“We have a longstanding relationship with Yorkshire Repak’s new owners and the outgoing shareholders, which put us in a good position to work collaboratively with all parties, essential in a deal like this.”

Funding Boost for Sheffield Manufacturer

Funding boost for Sheffield manufacturer

A specialist maker of tools used by the precision manufacturing industry has received funding from Reparo Finance alongside equity investment from a group of Sheffield entrepreneurs.

Taylor and Jones, a maker of reamers, is now targeting growth following the investment from the Manchester lender and entrepreneurs Nick Alexander, Terry Lee, Mark Stanley and Chris Sellars from Atkinson Walker Saws.

Tony Egley, managing director of Sheffield-based Taylor and Jones, said: “The business had been unloved for some time when we took it over.

“We have worked hard over the past two years to rebuild confidence in the brand and put the business on firm foundations. We knew we wanted to push for growth and we feel the help from Reparo and our new investors will give us the boost and support that we need.”

Chris Sellars, who has joined the Board of Taylor and Jones as part of the investment, said: “We know and respect Tony and recognise the value of the Taylor and Jones brand – it has genuine international reach.

“When Tony asked for our support we jumped at the opportunity. As a team we have thoroughly enjoyed the experience of working together at Atkinson Walker Saws and feel that we have a great deal to offer to Taylor and Jones.”

Andrew Ward, managing director of Reparo Finance, added: “We are delighted to work with Chris and Tony to support the growth of Taylor and Jones. It is great to work with a Sheffield engineering business as it embarks on the next stage of its business plan.”

Pictured (L–R): Chris Sellars, Nick Alexander, Terry Lee, Tony Egley and Mark Stanley

Source: David Casey, Insider Media, 4th February 2016

EXPANSION ON THE AGENDA FOR GALA TENT

Gala Tent, a Rotherham-based manufacturer and importer of commercial quality marquee, gazebos and tents, plans to expand with the purchase of a 22,000 sq ft warehouse and office space, backed by £3.6m of funding from HSBC.

As part of the deal with HSBC, Gala Tent has secured a further £1m facility, enabling the business to immediately hire six new employees to support the latest premises, with further jobs to be created in the area.

Equipment acquired with a finance facility of £250,000 has helped Gala Tent become capable of printing high definition images and graphics on marquees. Other aspects of the finance package include foreign exchange and electronic banking facilities, which are primarily used by Gala Tent to sustain its import activities.

Mike Swift, HSBC’s head of corporate banking in South and West Yorkshire, said: “Gala Tent is a market leader in its field and is actively expanding its range of operations, products and services. It is a growing business with ambitious plans, and we are pleased to be part of this exciting period, supporting its growth.”

Founded in September 1999, Gala Tent currently sells more than 15,000 tents and 120,000 accessories each year worldwide and claims to be the first mail order marquee company in the world.

The deal was led by Lee Manterfield, relationship director at HSBC Corporate Banking.

Source: Laurence Kilgannon, Insider, 4th January 2016