Engineering group Expromet Technologies Group (Expromet) has strengthened its manufacturing capabilities following the acquisition of Hampshire-based Haworth Castings.
The deal will see Haworth Castings joining Ilfracombe-based investment casting company Investacast, under the ownership of Expromet.
Haworth Castings operates from an aluminium- and copper-based sand foundry in Romsey and a precision machining facility in Basingstoke. The business specialises in producing fully-machined, tested and finished sand castings and gravity-die castings for defence, aviation, marine, medical, energy, automotive and other safety-critical applications, providing a fully-owned and controlled single-source solution for customers.
Expromet’s acquisition of Haworth Castings now gives the group’s customers a choice of engineering solutions beyond the range of investment castings, forgings and pressure die castings currently provided by Investacast.
Alistair Schofield, CEO of Expromet, said: “We’re delighted to have completed the acquisition of Haworth Castings. The company has developed a leading position in the market over a period of more than 50 years as a family-owned business. The acquisition expands Expromet’s capabilities and is a logical addition to our existing operations at Investacast.
“Haworth Castings enjoys an excellent reputation it its key markets and, by operating as part of a larger group, customers of both businesses will now be able to benefit from access to a wider range of engineering solutions: from design and manufacture to finishing and supply chain management.”
Haworth Castings employs 40 people across two sites in Romsey and Basingstoke. Andrew Haworth, managing director of Haworth Castings, will continue in his role following the acquisition.