Energy Steel Secures Nuclear Contract worth $4.1m Our subsidiary, Energy Steel has been awarded a $4.1M contract from Nuclear Waste Partnership, LLC to supply materials and subassemblies required for their waste isolation pilot plant (WIPP) – the nation’s only deep geological long-lived radioactive waste repository. The materials and subassemblies will be used in the construction…
Contract Wins We are pleased to announce new contract wins at our subsidiaries, Booth Industries, Energy Steel and Hayward Tyler, Inc. Booth Industries Secures £6m Contract Win Booth Industries, the Bolton-based manufacturer of high-integrity performance-assured protection systems, has strengthened its position in the nuclear market with a contract worth approximately £6 million to supply specialist…
Jo Reedman will join the Board on 1st March 2022 as Non-executive Director Avingtrans are pleased to announce the appointment of Jo Reedman, as an independent Non-Executive Director (“NED”), effective on 1st March 2022. Jo has over 20 years’ experience as an equity research analyst, focusing on capital goods/industrials companies in both sell-side and buy-side…
Partnership agreed for Cambridgeshire apprentice training centre Our subsidiary, Stainless Metalcraft (Metalcraft) and West Suffolk College (WSC) have partnered to manage and operate the North Cambridgeshire Training Centre (NCTC) – a new facility being developed on land owned by the Metalcraft business in Chatteris. The partnership sees Metalcraft – which was founded in 1864 and…
Avingtrans increases investment in Adaptix Avingtrans is pleased to announce that it has increased its shareholding in the emerging Medtech 3D X-ray business, Adaptix Limited (“Adaptix”), by another 150,000 shares, for a total consideration of £1.5m. Avingtrans now owns 400,000 Adaptix shares, representing 11.9% of the current issued share capital. In the year to 31 March 2021, Adaptix made a loss after…
Booth welcomes HS2 CEO for site visit Our subsidiary, Booth Industries was delighted to welcome HS2 CEO Mark Thurston yesterday, to view its new purpose-built facility for the manufacture of safety doors for HS2 tunnels and meet staff working on the project. The £36.5million 10-year contract was awarded in September 2020 has enabled Booth to…
Hayward Tyler Acquires Transkem Hayward Tyler Fluid Handling (HTFH), part of Avingtrans PLC’s Process Solutions and Rotating Equipment (PSRE) division, has acquired the assets of Hillington-based Transkem. The deal will see Transkem’s operations move to HTFH’s site in East Kilbride, with Transkem’s managing director Stuart Gibson heading up the new combined operation under the HTFH…
Visit from HS2 Minister, Andrew Stephenson We are delighted to have received a visit from the HS2 Minister, Andrew Stephenson, at out Booth Industries site in Bolton. The Minister was shown around our recently completed green manufacturing facility and met with operatives and apprentices to learn about how HS2’s investment was benefitting the business, the…
Investing in Greener Manufacturing Our subsidiary, Booth Industries International has reinforced its future growth potential with the official opening of its new factory wing, which promises to help deliver a more flexible and greener manufacturing facility. The extension, has been launched in an opening ceremony with parent company Avingtrans PLC, whose faith in the acquisition…
Avingtrans completes minority £2.5m investment in emerging medtech leader, Adaptix We are pleased to announce its £2.5m participation in a £12.9m fund raise by emerging medtech leader, Adaptix plc (“Adaptix”), based in Oxford, UK. Adaptix’s focus is on transforming radiology, by allowing low-cost, low-dose 3D portable imaging. It has developed a number of novel technologies…