Engineering group Unitech Industries has completed the takeover of a fellow Midland manufacturer in an undisclosed deal.
The Burntwood-based firm, which specialises in bespoke stainless steel food processing equipment, has taken over Walsall-based Driver Southall, manufacturers of sophisticated electronic check weighing systems.
Driver Southall can trace its history back to over a century – during which time it was owned by W & T Averys and GEC. For the past 20 years, its owners have been Bob Allison and Diane York, who will remain directors of the company within the Unitech Group.
Mr Allison said the deal would help the company grow.
He added: “I am delighted with the takeover, as it is a perfect fit for the company. The backing of the Unitech Group will improve its overall capability. It gives an opportunity to preserve jobs, and possibly create more employment with the exciting prospects of further product development and an increase in UK and overseas sales.”
The Unitech Group has a workforce of more than 100 at its Burntwood factory, and employs some 250 people across the UK.
Chairman Nick Imlah said: “I am very pleased with the acquisition, as Driver Southall has an excellent name in the food and pharmaceutical industries, and has first class products. I am confident that together with hard work we can expand the home and export markets.”