Manufacturing firm Accraply Europe Limited has acquired the trade and assets of Salford-based Harland Machine Systems Limited, saving the jobs of 70 employees in the process.
Accraply is part of the Barry Wehmiller manufacturing group and signed the agreement with Harlandâs administrators at FRP Advisory LLP, a business services firm based in Manchester.
This week, FRP partners Rajnesh Mittal and Russell Cash were named as joint administrators for the labelling machine manufacturer and the sale was secured soon after they were appointed.
In its most recent accounts, Harland posted a £12 million turnover, however it came into difficulties that put an unsustainable pressure on its cash flow.
Cash said that they were thrilled to have secured the future of the manufacturing company as jobs would now be preserved and continuity would be provided for its loyal customer base, adding that they wish every future success for Accraply and everyone involved in the business.
President at Accraply, Seamus Lafferty, said: We are delighted that we have acquired such a great brand with an impressive history and are confident we can support its future development.
This acquisition supports our long term strategy of developing and expanding our presence in Europe.
Harland is based at a plant on Michigan Avenue where it makes labelling equipment to be used on high volume production lines, with its customer base spanning the food, hygiene and pharmaceuticals sectors.
Last year, Accraply unveiled a fully continuous shrink sleeve seamer âAccraSeam FCâ which enjoyed a very positive reaction, with the first unit being sold in the first two days after its unveling.
The AccraSeam FC is equipped with a fully automatic table that sets the width and seam location based on the desired layflat, thus, removing the largest waste-generating element of the set up process and reducing setup time.