Walsall-based Albert Jagger is a large manufacturer and suppliers to the commercial vehicle bodybuilder, boat builder, agricultural and engineering industries in the UK.
It has consolidated its supply chain by acquiring Prestwood Engineering. one of the leading manufacturers of pressed components, welded assemblies and fabrications in the West Midlands. Prestwood employees are being retained and will join the100-strong workforce at Albert Jagger.
Prestwood, also based in Walsall, is one of the leading manufacturers of pressed components, welded assemblies and fabrications in the West Midlands. It specialises in low and medium volumes for the spare parts and after-market industries, supplying countries worldwide.
Corporate finance partner Andy Kay said: “The strategic thinking behind the deal was to bring in some ‘on shore’ manufacturing capability and was the result of a strategic review of the business we conducted with the directors.” Mr Kay was supported on the deal by CCW partner Johnathan Dudley and corporate finance manager Chasz Coulsting, who said:
“Albert Jagger have taken a long hard look at the events of 2016 and made the decision to bring some of their manufacturing closer to home. Prestwood Engineering was an ideal fit and provides both increased and varied capacity as well as economies of scale and distance.”