Harlow-based sheet metal company bought by Ilford manufacturers

Business / Sun 17th Mar 2024 at 02:54pm

A WELL-established sheet metal manufacturer, Young & Woods based in Harlow, has been acquired by TPSM (Teparay Precision Sheet Metal) in Ilford.

Young & Woods has been trading since 1946 and has become a staple in the sheet metal engineering industry ever since. Business continues as usual for this established company harnessing great talent inhouse, adding to TPSM’s market leading position as they together expand and continue their commitment to industry innovation through true development and growth.

Previous business owners, Alan Lee and John O’Rourke, had been joint Directors of the business for nearly 50 years. A buyout of the company has allowed them to retire successfully, whilst ensuring their full teams remain in successful employment within TPSM’s group to add further career trajectories for staff.

Commenting on the acquisition, Directors at TPSM stated:   ‘We are delighted to welcome Young & Woods into our operational group here at TPSM that will enhance our collaborative growth of each entity. The synergies between the 2 companies are clear with both being sheet metal specialists, just with different methods that will complement each other as each cross-transfer innovation and skillsets for continuous improvements. Together, we are well positioned to deliver even greater value for our customer bases through new access to automation and continue our passion to drive and inject innovation into our industry.”

“Staff will prosper through new access to automation and cross training opportunities, and customers will benefit from upskilled professionals and batch run costs being readily available. We are all excited about this announcement and wish John and Alan the very best in their well deserved retirements.”

This acquisition aligns with TPSMs’ overarching group strategy to expand market presence through mergers and acquisitions whilst diversifying joint offerings and adding value to customers through having different operating sites and strengthen its position as a leader in engineering.

Business very much continues as usual for Young and Woods. For any enquiries on this acquisition, please contact Coralie Douglas on[email protected] or call Young & Woods mainline on 01279 443247.

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1 Comment for Harlow-based sheet metal company bought by Ilford manufacturers:

peter henegan
2024-03-17 16:17:11

Well done Alan and John, enjoy your retirement

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