Deritend Industries announces Preformed Windings sale

Posted: Thursday 31st July 2014

Wolverhampton-based Deritend Industries has announced the sale of its Preformed Windings business for an undisclosed sum. Preformed Windings will join the electric machines group of companies owned by Clyde Blowers Capital (CBC).

The sale is being viewed as a highly positive move by all parties, as Preformed Windings’ business has a natural synergy with the profile of companies owned by CBC. Deritend will now focus more on its core business of providing asset management maintenance services to a wide range of customers.

Richard Hale, Group Managing Director for Deritend Industries, said: “We’re pleased to have found a good home for Preformed Windings, as the nature of their business is an excellent fit.

Kerr Picken, Business Strategy Director for the electric machines group of companies, said: “We intend to continue to develop the Preformed Windings business by increased investment in products, plant, premises and people, which in turn will create new job opportunities. We’re also going to be extending the range of HV coils and delivering a more flexible offer to meet the needs of our customers, which include OEMs and service companies.”

Following the acquisition, the business will continue to operate from its current base in Sheffield.

Richard Hale added: “In the meantime, the sale will also enable Deritend to concentrate on what we do best by providing whole life cost asset management services for our customers. Our long term plans are to grow the company organically and through potential acquisitions over the next few years.”

Deritend provides tailored services for each customer depending upon their individual requirements and works closely with them to find and implement the services that will deliver the best solution and benefits for their businesses.

The company uses its expertise to assess, plan, programme and project manage the maintenance and repair of business critical equipment. Using bespoke systems, Deritend looks after customers’ plant and equipment to improve its longevity, while also delivering cost savings.

In addition, Deritend operates on-site maintenance programmes and in-situ repairs, with its workshops equipped to manufacture any part required with precision.

Key services are asset management, maintenance and repair and other services available include shop services, metal fabrication, pipe fabrication and fittingand electronics.




Read the magazine online

December 2018

About the magazine »
Magazine archive »


Advertisements

Information for advertisers »

NO DIG 2018
buttonwood marketing Prominent Fluid Controls Pulsar Button June 13 Verder Harvey Communications British Water Water Aid Huber wateractive
Sykes Pumps