The management team at a West Yorkshire metallurgy testing firm have completed a buyout with bank funding.
Husband and wife team Debbie and Matthew Mellor used a new debt facility from NatWest to complete the deal which sees them take full control of Keighley Laboratories Limited from existing shareholders. The 1920s-founded business provides metallurgy testing, consultancy and chemical analytical solutions to customers in a range of sectors including aerospace, marine, defence, nuclear, energy and rail.
Mr Mellor, said: "We believe that the future is extremely positive for the company, and we look forward to developing further the range of the services we offer. We have in place a growth strategy for the business and several strategic partnerships, which will help progress the business and bring greater opportunities. We have recently gained Boeing D1-4426 status, marking us a quality supplier and has been a significant achievement in our strategic plan of maintaining and extending the scope of aerospace approvals."
