Castings (GB:CGS) has released an update.
Castings PLC, a prominent iron casting and machining group, has expanded its product line and market reach by acquiring the assets and stock of Russell Ductile Castings Limited for £0.4 million. The acquired plant, which can produce castings ranging from 10kg to 7,000kg, will continue operations at its current location under a new 25-year lease. This strategic acquisition not only diversifies Castings PLC’s offerings but also comes with an established customer base that the company is confident it can maintain.
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