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Banner Jones assist in £1.75m deal

Banner Jones assist in £1.75m deal

Banner Jones help X-Cel Superturn acquire Colson Industries in £1.75m deal. Sheffield-based X-Cel Superturn (GB) Ltd, which manufactures precision engineered components for the oil and gas sector, has acquired fellow Yorkshire business Colson Industries in a £1.75 million deal. X-Cel Superturn was founded in 1984 by current Managing Director Andrew Taylor as Sheffield Superturn to manufacture small to medium CNC machined parts. The company has expanded through a combination of organic growth and acquisition and this year expects to grow turnover from £24 million to £30 million, independent of the Colson acquisition. It employs 130 people across its sites in Sheffield, Rotherham and Batley. X-Cel Superturn plans to quadruple sales at Colson Industries, from £2.5 million to £10 million over the next two years, adding 25 employees over the period to bring staff numbers up to 65. Colson Industries will now act as a 100% subsidiary of X-Cel Superturn.