Gateshead engineering firm completes sale of aerospace division
A North East manufacturing specialist has announced that it has completed the sale of its aerospace division as it refocuses on subsea energy products.
Express Engineering, based in Gateshead, has sold its aerospace division to Paralloy for an undisclosed amount.
Jobs in the division have been relocated from Team Valley to a new facility near Middlesbrough.
Gary Thirlwell, managing director of Express Engineering, commented: “We have disposed of the aerospace business to focus on our core subsea products.
“Aerospace was a small, albeit profitable division, but is not part of our strategic focus.
“During the last year or two, we have been transforming Express Engineering through a new product strategy and investment in infrastructure that includes a new test and assembly facility.
“To continue to compete in global markets and provide customers with top quality subsea products and services we need to be fully focussed on that task and sector.”
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