William Hare buys Eiffel out of administration, saving 60 jobs
William Hare has bought fellow steel specialist Eiffel out of administration, saving 60 jobs at Wigan-based Eiffel.
The deal helps secure supply of steel to one of William Hare’s biggest jobs - the transformation of London’s Olympic Stadium into a home for West Ham United football club - where Eiffel is a steelwork supplier.
Eiffel’s administrators Smith and Williamson confirmed the sale today, after the firm was placed into administration in mid-November.
Eiffel produces up 10,000 tonnes of fabricated steel a year from a workshop in Ince, near Wigan.
It was originally established in 1986 as Horwich Steelworks at the Horwich Locomotive Industrial Estate.
Matthew Dunham, Manchester-based partner at Eiffel’s administrators Smth and Williamson, said: “The decision to keep trading and so maintain the order book has made the business more attractive to potential buyers. We received interest from a number of parties and are delighted to have achieved this sale.”
Adam Stephens, joint administrator, said: “This is excellent news for the employees who have remained supportive and proved themselves to be loyal to the company during the uncertainties of recent weeks.”