An Alfreton firm which provides coating and repair services to the aerospace and gas turbine industries has been bought by a US corporation in a multi-million-pound deal.
Component Coating and Repair Services (CCRS), which has 100 staff in Alfreton and Glasgow, has been bought by Curtiss-Wright Corporation for £16.6 million.
The Alfreton site focuses on repairs for gas turbines, while Glasgow specialises in coatings for jet engines.
Curtiss-Wright Corporation, is a $2.5 billion engineered products and services business with an historic past - as the Wright part of the name comes from aviation pioneers the Wright Brothers. CCRS founder Alan Dean said: “In Curtiss-Wright we have found a buyer that understands our business and markets and we are confident that the commitment to customer service will be maintained.”
The company will continue to be run by current managing director Colin Twells, who has been with the business for several years.