New Launch For Addison Forming Technologies
Updated: May 28, 2020
Belgrave & Powell Limited, a UK specialist investment group based in Tamworth, are pleased to announce with effect from June 2020 to have acquired from administration the assets, IP and goodwill from Addition Manufacturing Technologies Limited based in Preston, Lancashire. The new company taking over these assets is Addison Forming Technologies Limited, based in the same location of Walton Summit, Preston, Lancashire.
Addition were formerly a leading global supplier of tube bending equipment and tooling to the aerospace, automotive and nuclear industries and with the acquisition, Addison Forming will offer service, tooling, automation and refurbishment services to these historical sectors in the UK and internationally along with selective new machine sales of associated equipment.
Paul Ward, a partner in Belgrave & Powell, will run the company as part of Belgrave & Powell’s Machine Technology Group and commented; “The acquisition and formation of Addison Forming Technologies Limited is a great compliment to our group in specialist machine tool services and automation. The team we have brought across to the new company have some of the best skills in the world in the field of tube bending tooling design, machinery and automation and will no doubt be of immediate benefit to historical and new potential customers requiring assistance in this specialist sector.”
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