25 October 2016
25 October 2016
Norco Holdings has acquired C&B Composites with the sale concluding earlier this month.
The sale is said to include all of the equipment currently located at C&B’s Poole, UK, facility and also the transfer of all existing C&B personnel to Norco’s Holton Heath, UK, site.
The consolidation of the C&B business into Norco is expected to bring about some significant benefits for both companies. For example, the two Autoclaves from C&B will enable Norco to offer the Aerospace sector both Autoclave and Out-of-Autoclave production, which will expand Norco’s expertise and capability in this important and growing market. The skills base and the personnel transferring from C&B will enhance Norco’s current capability in composite component manufacturing. For C&B, the purchase comes after a period of change for the business and will provide an increased level of stability for employees, in addition to opening up new opportunities for career development.
With the recent organisational changes at Norco, and with the formation of Norco Composites and Norco GRP as two distinct businesses, there is an increasing emphasis on developing both these businesses. The purchase of C&B is a positive statement of intent by Norco to further strengthen its composite production capability.
Norco Owner, Mark Northey, commented, “We are really excited to have acquired the wealth of knowledge, skills and client base that Joseph Salmon and his team can offer. This will greatly assist us in further expansion in the aerospace and automotive sectors and we are looking forward to welcoming them into the Norco family structure.”
Joseph Salmon, Production Director at C&B Composites, added, “C&B Composites is thrilled to become part of Norco. We have many skills and ideas that we are excited to bring to the table, whilst benefitting from Norco’s existing marketing capability, client base, and support structure. There is a fantastic synergy between C&B and Norco, which we are looking forward to capitalising upon in the near future, as we expand into new markets together.”
Photo provided by Norco Holdings
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