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Pressing engagement.

A Birmingham automotive presswork company has expanded with the acquisition of another car parts company.

Bordesley-based Presswork Partnerships has acquired the business formerly known as KAB Pressings in Wolverhampton from holding company Ricor.

The two businesses have been merged at the KAB factory in Wolverhampton.

Fast-growing Presswork is a first and second tier supplier to major car-making companies such as Rover, Land Rover and Ford and has ambitious growth plans. The combined businesses will now have turnover of about pounds 10 million and a workforce of more than 100.

Presswork hopes that combining the traditional Wolverhampton low-volume pressings business with Presswork's high-volume customer base will provide greater stability and new opportunities in first and second tier automotive markets.

Presswork is determined to remain a market leader in its chosen sectors and has already established the structures to enable it to make further acquisitions. Managing director Andrew Fogarty said the concept of partnership encompassed his whole business philosophy.

'By including customers, employees and suppliers in the development of the business, PPL has won the commitment and support essential for its continued success in the fiercely-competitive European automotive sector,' he said.
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Publication:The Birmingham Post (England)
Date:Jun 15, 2001
Words:189
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