North West duo unite to save 80 jobs at Preston firm

Castings manufacturer Coupe Foundry is under new ownership after two local manufacturers combined to save the company and secure 80 jobs.
Castings manufacturer Coupe Foundry is under new ownership after two local manufacturers combined to save the company and secure 80 jobs.

Two Lancashire-based companies have joined forces to save 80 jobs at a 100-year old castings manufacturer in the region.

Coupe Foundry, which operates in Higher Walton, will now be operated by new company Coupe Castings after Manchester CNC subcontractor Eaves Machining and Shakespeare Foundry of Bolton bought the castings manufacturer.

The deal sees both companies take a 50% share of the company, and will not only result in the manufacturing jobs being saved, but may lead to further job growth in the North West.

Ian Griffiths, CEO of Eaves Machining and the new Coupe Castings business added: “Coupe Foundry is a great business with quality people and products. We are conducting a full strategic review of activities and have already won some significant new business.”

It is also hoped the synergy between all three companies will lead to further improvements in innovation, quality and service in Coupe Foundry’s engineering and jobbing type cast iron castings for the automotive, wind, nuclear, power and offshore sectors.

Michael Stanley, MD of Shakespeare Foundry added: “Coupe’s ability to cast components up to 26 tonnes in weight is very unique. Their range starts where Shakespeare’s ends and the businesses are a great fit.”

Leave a Reply

You must be logged in to post a comment.

Related Sector Article

Dyson Ltd have released a 25 second teaser video that many think is hinting at the company unveiling a robot vacuum cleaner.

Sir James Dyson

Related Sector Article

Following the Reece Group’s acquisition of Armstrong Works in 2012, the first of its engineering companies has started its move into the iconic Scotswood Road site.

Reece Group

Related Topic Article

Following the Reece Group’s acquisition of Armstrong Works in 2012, the first of its engineering companies has started its move into the iconic Scotswood Road site.

Reece Group

Related Topic Article

Construction giant Balfour Beatty has rejected a third takeover bid from rival Carillion saying its position on the merger had remained 'unchanged' from earlier in the week.

UPCOMING EVENTS

Reports

  • SmartestEnergy Entrepreneurs Report

    The latest Energy Entrepreneurs Report compiled by SmartestEnergy shows a 36% jump in the number of commercial scale projects in operation across the manufacturing sector in Great Britain since last year’s report. In total, an

  • University Collaboration 2014

    The amount of money available for R&D in the UK is quite staggering: over £26bn, from public and private sources. The organisations involved from the public sector can begin to look like an alphabet soup, and just as confusing,

More reports

Advert

Manufacturing Jobs

View all jobs

Advertisements

Advertisement

Tracking