Macclesfield based engineering firm, Bodycote, has announced the completion of its acquisition of US-based Ellison Surface Technologies.
Headquartered in Macclesfield, Bodycote provides heat treatment and specialist thermal processing services worldwide. The acquisition makes the group one of the largest providers of thermal spray and engineered coating surface technologies.
The acquisition of Ellison Surface Technologies will expand the Macclesfield engineering firm’s presence in North America, where Ellison has revenues of $59 million, and employs 400 people across Canada, the USA and Mexico. Bodycote previously announced in December that it would pay £162 million to take over the American company.
Bodycote’s acquisition is part of the company’s strategy to expand its specialist technologies business, and consolidate its strong market position in the field.
Ellison’s operations will be fully integrated into Bodycote’s business model both from an operational and commercial perspective, and will operate going forward under the Bodycote brand.
Stephen Harris, Group Chief Executive of Bodycote, commented:
This acquisition continues our strategy to build our Specialist Technolgies portfolio and enhance our exposure to the civil aerospace market, where we see structural growth over the long term, nothwithstanding the current hiatus in the industry. Ellison’s business is one that we have respected for a long time and is a perfect strategic fit for Bodycote’s Specialist Technologies businesses.”