Wed, 28 Jan 2015 | BUSINESS SALE
The Leeds bolt supplier who provided those used in the Cheesegrater skyscraper in London has been bought out of administration.
Andrews Fasteners Ltd has been in operation since 1981, supplying bolts for major projects around the UK, including London’s Cheesegrater building, which saw several bolts come loose and fall to the ground last year.
The firm was placed in administration on 16 January, with administrator Chris Brooksbank of Cleckheaton-based O’Haras working to find a buyer. AFC Products has bought the company, which is under the control of former Andrews Fasteners director Michael Carey. Following the sale, AFC changed its name to Andrews Fasteners.
The sale has meant that 20 employees at the company will retain their jobs, as well as the securing of future contracts and orders.
Michael Carey, director of Andrews Fasteners, said: “Following this restructuring, we believe we are in a much stronger position to take the business forward.”
A spokesman for O’Haras added: “This is the best possible outcome for this well-established business and its loyal workforce. With an experienced director at the helm who really understands the sector, Andrews Fasteners has a brighter future ahead.”
Back in November last year, the 122 Leadenhall – nicknamed the Cheesegrater – saw two bolts break off and fall to the ground. A third bolt fractured and was caught in safety tethering more recently.
Andrews Fasteners is said to be supplying extra bolts to the building in line with a precautionary replacement programme.
____________________________________________________________________
Related information:
See the latest manufacturing businesses for sale
The company designs and delivers electronic portfolios for organisations that capture and assess evidence for personal, professional, and organisation recognition, internationally. The company creates leading digital solutions that mirror and enhance...
A distributor of oils and ancillary cleaning products to a wide client base, and is not dependent on any one client or market sector. These Items are an essential component to ensure smooth operation of equipment and reduce wear & tear and reduce ope...
The company is an equestrian business comprising a popular retail store, accredited livery and riding facilities and a competitive events operation, operating from an attractive rural location in the East Midlands.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.