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Mon, Jun 17, 2024, 2:07:36 ---- The fact: 230,780,121 visitors done.

AddisonMckee closes UK facility & merges with Eagle
AddisonMckee Ltd
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Company: AddisonMckee Ltd, UK
Attn: Sales dept

AddisonMckee Ltd, a manufacturer of tube bending and end-forming machinery, has ceased operation at its Preston, UK facility in response to declining market conditions. The company blames the closure of the facility on the global recession, a financial crisis restricting availability of financing, and unparalleled falling consumer demand.

In a further move to reinvigorate its business, the company has also merged with Eagle Precision Technologies, a Canadian manufacturer of muffler solutions. Eagle Precision Technologies has been a world leader in the design and manufacture of tube forming solutions for over 45 years.

"This transaction will bring together the two largest global names in tube manipulation products and services," states Mr Joe Eramo, chief executive officer of AddisonMckee. "This merger will provide our collective global customer base with the absolute best in technical solutions, while lowering our product costs. In the current economic environment, market consolidations are a reality with fewer, but larger, future customers."

As a result of this transaction, the manufacturing of products for both AddisonMckee and Eagle brands will be consolidated into AddisonMckees facilities in Lebanon (OH), USA, Brantford (Ontario), Canada, and Tianjin, China. The Eagle facilities in Brantford, Canada and Shanghai, China will close.

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