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International manufacturing group Senior plc, has acquired 100% shareholding of one of the UK’s leading composites manufacturers Atlas Composites.
Established in 1997, Atlas Composites manufacture a diverse range of composite structures and tooling for a number of industry sectors that include automotive, defence and more importantly aerospace – a key factor that triggered the acquisition interest of David Beavan, CEO of Senior Aerospace BWT.
“Over the past 6 months Atlas Composites proved themselves to be a highly responsive and technically competent supplier in supporting our engineering team with the development of composite ECU ducts for the Mitsubishi MRJ and the Bombardier C Series programmes”.“The acquisition of Atlas Composites will enhance the structural composites capabilities within Senior Aerospace BWT and the Senior group of companies”
Speaking of the acquisition Atlas Composites MD Shaun Moloney said “This is all about creating long term sustainable growth for UK manufacturing. I am certain with the support of the Senior group of companies we have a fantastic opportunity to achieve our goals to grow the business, and increase our exports over a shorter period of time than if we remained a privately owned company.”“There will be no changes to the way we operate or indeed to the staff as Atlas will continue to service their current customer base of composites in Aerospace Motorsport, Defence, Communications etc. The major difference is that all existing customers now have the added confidence that we have the financial support of a FTSE 250 group supporting our growth and underpinning our investments in plant and people for many years to come.”“We will retain our identity as ‘Atlas Composites’ and moving forwards the company will operate as a subsidiary of Senior UK Ltd.”
Senior plc has 6,200 employees in 30 operations in 13 countries around the globe and a total annual revenue in 2012 of £725M. Structured into 2 main divisions, Aerospace and Flexonics, the operating businesses are engineering solutions providers for the aerospace, defense, land vehicle, and energy markets.
More information: www.atlascomposites.com