Nasmyth Group, a leading supplier of precision engineering products and services worldwide, today announces the launch of a new wholly owned subsidiary, Nasmyth Enterprises Limited. Established as part of the Group’s strategic plan, the company will take over all the property assets currently owned by the Group’s constituent businesses.
The Group’s estate currently comprises some 500,000 sq ft of factory and office space standing on approximately 20 acres of land. Consolidating these assets into one company will enhance the Group’s ability not only to optimise the usage of its current property portfolio in order to meet changing customer requirements but also to further develop the estate.
Indeed, building projects are already planned for three of the Group’s subsidiaries – a 5000 sq ft extension to the facilities of GEB Surface Treatments Ltd in Pinxton, Nottinghamshire, effectively doubling its productive space, the building of a new facility for West Middlesex Surface Treatments Ltd in Uxbridge, West London, and the extension and refurbishment of existing facilities at Henton Engineering Ltd in Hinckley, West Midlands.
Peter Smith, Chairman and CEO of Nasmyth Group, commented: “One of the UK’s leading engineering groups, Nasmyth has an extensive property portfolio. Setting up Nasmyth Enterprises will give us the flexibility we need to manage and develop our estate in the most effective way possible.”
