26 February, 2015
Following advice from The Corporate and Restructuring Team at Forbes Solicitors, WEC Group has purchased MTL Group, saving 135 jobs.
Darwen head quartered WEC Group, purchased Rotherham based MTL Group for an undisclosed fee, after the manufacturing firm went into administration earlier this month.
Wayne Wild, of WEC Group, said: "We are delighted to have reached an agreement which will save the jobs of more than 130 workers in South Yorkshire."
WEC said the acquisition of MTL would create the "largest laser cutting operation in the UK's fabrication and engineering sector", employing almost 600 people across sites in Lancashire, Yorkshire and Merseyside.
CMS acted for administrators Ernst & Young.