Keystone Law’s restructuring and insolvency partner Ed Judge has advised the directors of New Engineering Limited in purchasing the world-leading engineering group Néos Superform which was sold out of administration, saving 175 jobs.
Néos Superform is a world leader in complete superformed solutions. As part of Néos International, it supplied superformed aluminium and magnesium alloy components to major OEM customers the rail, aerospace and automotive markets in addition to other markets such as design, architecture and medical. It employed over 170 people across its three UK manufacturing facilities.
Carl Roberts of New Engineering Limited said:
“We are thrilled to be able to keep over 175 people in employment and help bolster a respected company. The advice and support provided by Ed Judge at Keystone Law was pragmatic and helped us get the deal over the line.”
Ed Judge said:
“I was delighted to have helped secure the purchase of this highly regarded engineering business and allow over 170 people keep their jobs. I look forward to seeing the business prosper.”