Wearparts Foundry Disposal Overview

John Pye & Sons were appointed as auction agents for the sale of the business and assets of this dynamic and expanding company, manufacturing and supplying  high quality impact wear and heat resistant components to the UK & Europe.

Operating from a centrally based 45,000 sq.ft foundry in Lutterworth, Leics, the company held around 50,000 patterns with a substantial order book, customer list and web domain, generating a multi-million pound turnover.

There was a strong interest in the assets after marketing to the UK and East European markets, resulting in an on-site auction achieving over £125,000 with a further £20,000 generated in the sale of work in progress, intellectual property and pattern equipment.

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