United Kingdom

Details

  • Service: Advisory
  • Type: Press release
  • Date: 05/04/2012

Thomson Aero sold to MB Aerospace 

 

Will Wright, Andy McGill and Mark Orton of KPMG, joint administrators of Thomson Aero. Limited, announced today that they have sold the business to MB Aerospace Limited. 

 

MB Aerospace, an international aerospace engineering group, has acquired the majority of the business assets of Thomson Aero.  All 60 staff at the Thomson Aero manufacturing facility in Wallbridge, Frome will transfer to MB Aerospace. No redundancies have been made by the joint administrators.

 

Andy McGill, joint administrator at KPMG, said: “Thomson Aero attracted strong interest from a number of potential buyers in the aerospace/manufacturing sectors and we are delighted to have completed the sale.  Not only does this safeguard the future of the company’s highly skilled work force but it now provides the business with a sound financial footing and excellent prospects for the future.  The sale will also ensure a positive outcome for the company’s creditors.”

 

 

-Ends-

 

Notes to editors:

 

For press enquiries please contact

 

Zoe Sheppard, PR Manager at KPMG: +44 (0)117 905 4337 

zoe.sheppard@kpmg.co.uk             

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff.  The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.