Manufacturing group Senior plc has acquired 100% shareholding of composite manufacturers Atlas Composites.
Founded in 1997, Atlas Composites manufacture a wide range of composite structures and tooling for a number of industry sectors that include automotive, defence and aerospace. David Beavan, CEO of Senior Aerospace BW said;
Over the past 6 months Atlas Composites proved themselves to be a highly responsive and technically competent supplier in supporting our engineering team with the development of composite ECU ducts for the Mitsubishi MRJ and the Bombardier C Series programmes. The acquisition of Atlas Composites will enhance the structural composites capabilities within Senior Aerospace BWT and the Senior group of companies
Speaking of the acquisition Atlas Composites MD Shaun Moloney said;
There will be no changes to the way we operate or indeed to the staff as Atlas will continue to service their current customer base of Motorsport, Aerospace, Defence, Communications etc. The major difference is that all existing customers now have the added confidence that we have the financial support of a FTSE 250 group supporting our growth and underpinning our investments in plant and people for many years to come.
The company will retain its identity as Atlas Composites and moving forwards the company will operate as a subsidiary of Senior UK Ltd.[connections id=’226′]