Gloucestershire manufacturer rescues engineering firm from administration

A Gloucestershire manufacturing firm has acquired a Lancashire-based business from administration for an undisclosed sum. Tewkesbury’s Geometric Manufacturing, a provider of mechanical components to the defence and security industry, has taken over Precision Engineering Pieces (PEP) – a sheet metal and fabrication company.
PEP, which is registered in Chorley and also has a unit at Ashchurch Business Centre in Tewkesbury, appointed administrators from advisory firm Interpath on March 21.
The acquisition includes PEP’s entire business and assets, including its equipment, staff and customer base.
“This strategic move strengthens Geometric’s position within the industry by adding complementary capabilities, improving supply chain integration and enhancing our product offerings,” …
Read more…….