Engineering firm on the rocks is saved by Steel Solutions
Twenty eight jobs have been saved in Armagh after Fermanagh-based manufacturer Steel Solutions bought troubled machinery supplier Redrock Engineering.
Redrock called in administrators Cavanah Kelly in October after demand for its products dropped sharply and had to make around 50 workers redundant in November.
The company exports agricultural and construction machinery and the 28 jobs saved are in its core agri-manufacturing side of the business. Cavanagh Kelly is in negotiations with purchasers for Redrock’s remaining telehandler division.
Des Kelly of Cavanah Kelly said: “The sale of Redrock secures the future of one of Northern Ireland’s leading engineering firms and underpins valuable employment in the Armagh area. The new purchasers expect to maintain production at the Redrock factory and are hopeful they can further grow and develop the Redrock brand.”
Discussions have been held with Invest Northern Ireland about a possible expansion of the Redrock business. James Rooney of Steel Solutions said: “We plan to invest in the modernisation of the existing production facility and expand into new markets”.
Steel Solutions has appointed Frank Flynn as the company’s managing director.