Deal helps double Scots firm
Livingston rail fitter acquires fabrication yard
The deal will double the firm’s rail revenue – from a projected £5.5m to £11.5m – and consolidate its position in rail refurbishment.
Privately-owned Transcal has produced design and manufacturing work for a number of franchises in the past five years, including First Great Western and East Midlands Trains.
The takeover of Winstanley, based in Worcestershire, expands Transcal’s design engineering capabilities within the rail and defence industry sectors.
The deal is expected to transform sales for the group, almost doubling it from £14.5m in 2015 to a projected £27.5m next year. All Winstanley staff at its Pershore works will be retained.
Robert Aitken (left), Transcal’s founder and managing director, said: “This is an important deal both for Transcal Rail and for our new colleagues at Winstanley. It puts us in a leading position to grow the enlarged group through a pipeline of rail franchise refurbishment across the UK network.
“In the past year we have worked closely with Winstanley on a number of projects, and we learned that both companies share a similar ethos on quality, design innovation and attention to detail. This gives us a sound basis for the business combination.”
Rod Smith, the outgoing major shareholder, is retiring as managing director following the deal. He said: “The Transcal acquisition makes great strategic sense for the two businesses.
“I am delighted for Winstanley to join the Transcal group of companies. Our joint strengths make a most compelling offer to Rail and Defence sector customers. This investment is good news for the future of Winstanley and its skilled workforce.”
Transcal operates four divisions, employing 97 workers in the UK from its headquarters in Livingston. Its original business, specialising in leather automotive seats has expanded, from bespoke individual vehicle interiors to include contracts with sector-leading automotive brands.
Founded in 1980, Transcal diversified into rail interiors in 2008 and established Transcal Rail Ltd in 2013 through the acquisition of Primarius Rail seating. It also operates significant aviation and furniture divisions.
As well as its Livingston HQ, Transcal has operations in Bristol, Belgium, Indonesia, Poland and Singapore, and has an investment in a North American car interiors and seating business.
Privately-owned Winstanley is a market leader in specialist metal fabrication. Capabilities include laser profiling, punch pressing, press braking and specialist welding, supported by clean room assembly, wet paint and powder coating lines. It has 84 employees.