Firm picks up £7m turnover fabricator for undisclosed sum
Offsite specialist Reds10 has bought a steel fabrication specialist for an undisclosed sum.
The firm said it has snapped up £7m turnover Hull firm ESL which was set up in 2010 and currently employs 50 people.
Reds10 said: “The partnership strengthens Reds10’s vertically integrated, industrialised construction model by bringing critical steel fabrication in-house, enhancing delivery strength and support the business’s next phase of growth.”
Reds10, which now numbers 10 businesses within the group following the ESL deal, has five factories in East Yorkshire that combined give it manufacturing space of over 250,000sq ft.
In its last set of results, Reds10 said revenue was up 2% to £145m in the year to March 2025 with pre-tax profit staying flat at £7m.
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