Fusion Group sells Fusion Equipment Limited to Caldervale Technology Limited
Fusion Group, the Chesterfield-based manufacturing business, has today announced the sale of Fusion Equipment Limited to Caldervale Technology Limited.
Caldervale Technology specialises in the production and sales of equipment and tooling for the jointing of polyethylene pipe systems.
The manufacturing of equipment products will remain on the current Fusion Group site at Smeckley Wood Close, Chesterfield, S41 9PZ with agreed plans to move the business to a larger adjacent building in the next few months.
Fusion Group Managing Director, Kevin Raine, explained the reasoning behind the move:
“Fusion Equipment products were the foundation of Fusion Group in 1971. Over the past few years we have experienced weakening of our market share and have struggled to justify investment, consequently we, the Fusion Group Board – have made the decision to divest this part of the business.
Fusion Group will continue to supply its’ clients with the same range of equipment products, however we hope in the near future to benefit from the focus , expertise, skills and management that the Caldervale Technology team will bring to Fusion Equipment Limited.
However whilst there is sadness with the change, there is also delight that we have retained long serving staff in Chesterfield. We will remain in close contact, both commercially and physically, with our former colleagues and look forward to building a long and close relationship with Caldervale Technology”