Harrison Castings, the leading aluminium sand-cast foundry in the UK, has been bought out by its existing management team in an exciting next step for the long-established business.
After 108 years of family ownership, a management buyout of the Company has been completed by Managing Director Mick Jenney and fellow directors Lee Webster, Adrian Burton and Carly Kicks, as of 30th August 2019.
Former Chairman Robert Harrison, who owned the business with his cousin Peter Harrison, both approaching the age of 70, believes the time was right to complete a change in its family ownership structure.
Welcoming the change of ownership, Robert Harrison said, “Our customers will know that Mick and his team have been successfully running the business for a number of years and with no future family involvement on the horizon, we viewed this as the best possible outcome for the future of the business, our customers and employees.”
Peter Harrison concurred saying, “We would like to take this opportunity to thank all of our customers and suppliers who have supported our business over many years. We wish Mick and the other Directors continued success.”
Mick Jenney, Managing Director, agreed: “All parties see this as a great opportunity for Harrison Castings to maintain its position as one of the leading aluminium sand foundries in the UK. The company has invested heavily in recent years and we are delighted that this next step will enable the company to have a bright future, continuing to supply precision engineered components to all its valued customers in the UK and around the world”.
Three generations of the Harrison family have managed Harrison Castings during its 108-year history and it has long been regarded as a trailblazer because of its versatility and non-reliance on the automotive sector. Harrison Castings, employing more than 100 staff, is recognised because of the longevity of the company, the quality of its product, and its ability to work with a range of customers.
Harrison Castings has been in its current site since 1939 and in recent years has invested more than £2 million in new equipment and a business improvement programme, including new heat treatment and shot blast machinery, better laboratory facilities and improved gas fired melting furnaces.
The expansive production facilities in Leicester and an army of satisfied customers have also attracted attention from clients around the world leading to significant growth in export orders, most notably to Europe, Scandinavia and the United States.