Partner Article
Dewsbury combustion supplier sold to global engineering firm
Dewsbury-based Hotwork Combustion Technology Limited, has been sold to global engineering firm Sterling Industries plc.
The supplier of combustion equipment to the metals and associated process industries employs 42 people, and will now operate as an independent company within the Combustion Technology Division of Sterling.
The deal will see Hotwork’s owners, David Robinson and Brian Crowther, remain with the company for an extended period of time.
Law firm Cobbetts advised Hotwork on the sale, with a team comprising partner Guy Jackson and associate Alexandra Birch.
Mr Jackson said: “David Robinson and Brian Crowther have worked hard to develop Hotwork into the industry-leading business that it is today. The sale represents a new era for Hotwork, which will benefit from Sterling Industries’ access to global markets and clients.”
Sterling Industries is owned by engineering holding group, Caledonia Investments, and employs a global workforce of 450, with a reported turnover of £70m.
This was posted in Bdaily's Members' News section by Tom Keighley .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Zero per cent - but maximum brand exposure
We don’t talk about money stress enough
A year of resilience, growth and collaboration
Apprenticeships: Lower standards risk safety
Keeping it reel: Creating video in an authenticity era
Budget: Creating a more vibrant market economy
Celebrating excellence and community support
The value of nurturing homegrown innovation
A dynamic, fair and innovative economy
Navigating the property investment market
Have stock markets peaked? Tune out the noise
Will the Employment Rights Bill cost too much?