Arefco – New Strategic Acquisition
31st July 2015
Arefco Special Products is delighted to announce the acquisition of Stephenson Precision Components (SPC) of Blyth, Northumberland as the next key stage in its continued growth strategy. SPC are a precision machined metallic business with a well established reputation for technical capability, delivered quality and customer service across a range of industries from Construction to Oil and Gas.
Gary Burton the Managing Director of Arefco commented “ We have worked with SPC as a sub-contractor to Arefco for over two years and in that time their technical strength and best practice operations have been invaluable in establishing the “Arefco Engineered Products” business stream in advance machined metallic and plastic components. It is almost a natural progression that the two businesses come together as the synergies between us are so strong and obvious”.
This is the first of a series of step changes in growth planned for the Arefco business, backed by the parent company UTEX Industries Inc. of Houston, Texas. The integration plan will result in the SPC business moving to a new “showcase” location adjacent to the Arefco main facility in Ashington, Northumberland by the end of October this year.
Photographed (l-r) Gary Burton – Managing Director of Arefco, Jackie & Alan Stephenson – Owners of Stephenson Precision Components, Albert Duhrin – Operations Director of Arefco.