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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.

Banner Jones Award Win

Banner Jones Award Win

The Banner Jones team proudly accepted the award for 'Excellence in Professional Services' last night at the Derbyshire Times Business Awards.