Dozens of jobs have been saved after a Birmingham manufacturing firm was taken over - and new owners have pledged to grow it.
A total of 39 roles been saved at JJ Engineering after it was bought from administrators in a deal that will create one of the largest independent metal pressings firms in the region.
It has been taken over by Black Country-based Millennium Assemblies, which was founded last year to look for opportunities to work alongside Millennium Pressed Metal's established business.
Directors are now planning to use the additional capacity to embark on a two-year plan to grow sales significantly at the two businesses and create jobs.
Former Cab Automotive managing director John Faulkner will take the helm at the Garretts Green factory in co-ownership with managing director of Millennium Pressed Metal Anna Stevenson.
He said: "Thirty-nine jobs have been saved and we are now setting our sights on growth, this will definitely involve increasing the workforce even further."
As part of the move, JJ Engineering will be renamed Millennium Assemblies and will sit alongside Millennium Pressed Metal to form the newly named Millennium Manufacturing Group.
The acquisition, which was supported by Crowe Clark Whitehill and the Wilkes Partnership, was completed late last week.
Bosses now have a two-year plan to increase joint sales revenue to £10 million.
Mr Faulkner added: "JJ Engineering has a great workforce and a long history of supplying quality metal parts. The team shares our commitment to world-class manufacturing, innovation and customer service and we are very proud to have created a new platform for the future.
"Sister company Millennium Pressed Metal had picked up a number of large contracts so the ability to further increase our capacity with the purchase of the JJ Engineering plant was too good to turn down.
"There is also the added benefit of now being able to offer robotic welding, a well-equipped tool room and state-of-the-art metrology lab.
"It has an enviable client base of automotive, domestic goods and construction customers, not to mention a presence in oil and gas…all areas we are looking to gain a greater market share in."
Millennium Manufacturing Group will employ 84 people across the two manufacturing sites and is set to turn over more than £7 million in the next 12 months.
The two companies offer pressed metal components, machined parts, tube manipulation, wire forms and welded assemblies.
This can be through long-term strategic supply, rapid turnaround and capacity relief for clients grappling with production bottlenecks.
The combined group has more than 65 presses, from 25 to 350 tonnes, at its disposal, according to Ms Stevenson.
She added: "The acquisition comes on the back of the most successful 12 months in our 15 year history and just a few months after securing one of our biggest contracts – a £1.3 million order to manufacture white goods pressings."