Billington Holdings Plc have announced the conditional acquisition of two large industrial buildings with a combined usable area of 181,000 sq ft – the largest strategic investment made in the company’s history. The site was previously occupied by Sherling Steel who was principally engaged in steel and plate processing for the steel industry.
Billington Structures Ltd, subsidiary of Billington Holdings Plc, has entered into a conditional agreement to acquire all on-site steel processing equipment and machinery to enhance and expand the capabilities of the business. This investment will enable the business to increase their capacity on a substantial scale to coincide with the increasing level of business.
This new venture comes at an exciting time for Billington. The Group is encouraged by its current order book and future prospects, the opportunity will allow the Group to further its offering to its customers. The development also presents opportunities for diversification across the other subsidiary companies across the Billington Group.
Chief Executive Officer, Mark Smith, commented “It is an exciting period of change for Billington and one that the Directors believe will further strengthen the company’s market position through increased capabilities, capacity and product offerings”.
There will be a period of transition to enable a suitable workforce to be recruited for this facility along with opportunities for current Group employees to progress and enhance their abilities.