Keith Gilbert, Andrew Spiers and a cross-service team at Freeths LLP have announced the acquisition of Harrison Castings. Harrison Castings Ltd is a specialist manufacturer of aluminium casting components in the UK.
The company manufactures raw or fully machined aluminium sand castings and aluminium gravity castings in Leicester, employing 95 staff. The company produces over 1,500 tonnes of aluminium sand castings each year. After 108 years of family ownership, Managing Director Mick Jenney and his co-directors Carly Kicks, Adrian Burton and Lee Webster have led a management buyout of the company.
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Mick Jenney said: “All parties see this as a great opportunity for Harrison Castings to maintain its position as one of the leading aluminium sand foundries in the UK. The company has invested heavily in recent years and we are delighted that this next step will enable the company to have a bright future, continuing to supply precision engineered components to all its valued customers in the UK and around the world.”
Founder Robert Harrison commented: “Our customers will know that Mick and his team have been successfully running the business for a number of years and with no future family involvement on the horizon we viewed this as the best possible outcome for the future of the business, our customers and employees.”
Keith Gilbert, corporate partner at Freeths, stated: “We were delighted to work alongside Mick, Carly, Adrian and Lee. We congratulate Robert and Peter Harrison and look forward to seeing Harrison Castings continue to thrive under the management team.”
Mick concluded: “The management team knew that we needed to have the right advice and support to enable the buyout to run smoothly, picking the legal team to represent us was top of our agenda.”
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