Member Article

Surrey jobs saved in Caparo deal

Caparo Testing Technologies, a subsidiary of Caparo steel, has been bought in a deal that sees 76 jobs saved across the West Midlands and South of England.

The company has been sold to Applus+, administrators PwC confirmed to the BBC today.

After entering partial administration, parent company Caparo announced the loss of 452 jobs across the country. Talks are ongoing for the sale of other parts of the business.

Caparo Testing operates in Reigate as well as Oldbury, Luton and Poole.

PwC partner Robert Moran said: “We continue to hold advanced and encouraging discussions with a number of parties around the sale of remaining Caparo Industries Group companies.”

This was posted in Bdaily's Members' News section by Ellen Forster .