Big plans in play for Steelcraft following its acquisition in August 2022
The Silvanito Group's acquisition of Steelcraft (NE) Ltd has ensured the company's future, saved 27 employees, and turnover is anticipated to increase as it implements impressive growth objectives.
The acquisition happened when Steelcraft appointed administrators last year as a result of challenging business conditions and a drop in sales brought on by the COVID-19 pandemic.
Since its founding over 30 years ago, Steelcraft has solidified its reputation for producing high-quality, unique architectural metalwork. The company has built a solid core brand thanks to important local public sector clients and private developers.
Matthew Rodgers, whose grandfather founded the company in 1989, explained that the pandemic, Brexit, and other economic turmoil caused extreme cost pressures over the last few years. Previously Managing Director, he has stayed on as a general manager and has continued to run the thriving day-to-day operations throughout the acquisition.
He said: "My grandfather started the company and, after a tough time recently, I am pleased that the business now has a platform for stability and growth.”
Louise Walker, newly appointed Managing Director at Steelcraft and Divisional CEO of Silvanito Holdings, said "We’re extremely pleased with the team’s professionalism, commitment, and enthusiasm; they have grabbed this opportunity with both hands to get back on their feet and secure a profitable future.”
You can find more details about the acquisition from Insider Media.
The business has also recently moved to a freshly renovated site at Tanfield Lea South Industrial Park, which is more than double the size of the previous production facilities!Back to latest news