Wrexham-based automotive manufacturer, Cobra Global, acquired precision engineering company Fourmasters this week and promised to invest over £250,000 in the company’s Wolverhampton site over the next two years.
Cobra Global is a recent winner of the Queen’s Award for Enterprise. Its recent acquisition of Fourmasters reflects its diversification strategy as the traditionally automotive focussed firm looks to diversify into aerospace markets.
Cobra plans to build on Fourmasters existing accreditations in this sector, such as AS9100 REV C and SC21 Bronze status, to reinforce its presence in this sector.
Matt Williamson, managing director of Fourmasters, commented on the existing reputational strength of his organisation and, echoing the words of BAE Systems chairman Dick Olver at the EEF National Manufacturing Conference on March 6, he said: “We have found the right people, with the right skills in the right place at the right time.
Looking ahead to the changes that will come with the Cobra acquisition he continued: “We want to update Fourmasters, get ahead of the game and bring in automotive techniques, to the benefit of both companies’ customers. And in the process, we aim to create more jobs.”