WEC Group buy-out MTL saving 135 jobs

The WEC Group, one of the UK's largest engineering and fabrication companies, has funded a partnership deal to acquire the Brinsworth-based business and certain assets.

MTL Group entered administration on February 2 after suffering the loss of a large overseas defence contract.

It has remained trading as administrators EY looked to secure its future.

MTL Group's sales director Karl Stewart, finance director Howard Kellett and operations director Darren Bradley remain in the senior management team following the creation of the new partnership with WEC Group.

Wayne Wild, commercial director of WEC Group, said: "We are delighted to have reached an agreement which will save the jobs of more than 130 workers in South Yorkshire.

"The restructuring deal we have completed will see us work in partnership with MTL Group's previous directors and shareholders to grow and develop the business for the benefit of customers and staff.

"We are looking forward to continuing to work with the current customer base whilst securing new orders."

The addition of MTL Group more than doubles WEC's engineering capacity.

It will now have almost 600 staff working across eight sites in Lancashire, Yorkshire and Merseyside.