THE Sheffield office of law firm Irwin Mitchell has advised Wakefield-based Anglia Metal on its £2 million acquisition of copper wire manufacturer Tri-Wire’s factory in West Yorkshire.
Anglia bought Tri-Wire in a pre-pack deal after Tri-Wire’s parent group, B3 Industries, went into administration.
The deal saved 30 jobs at the factory and Anglia then decided to buy Tri-Wire’s Normanton factory, rather than take on the long lease on the property.
Anglia plans to use the 55,000 sq ft factory to make copper wire for the telecoms, industrial, automotive and building sectors.
Partner Paul Firth and solicitor David Goy from Irwin Mitchell’s real estate team in Sheffield advised Anglia’s management on the deal.
Mr Goy said: “The initial pre-pack deal back in May was important as it safeguarded jobs.
This latest acquisition is just as significant as it points to Anglia’s long-term commitment to the facility.”