Newable Capital invests in Weldfast UK Limited
Newable Capital has invested in one of the UK’s leading wholesalers of welding and cutting equipment based in Stoke-on-Trent (Staffordshire).
The company was founded in 2006 by twin brothers Steve and Nigel Nixon with the vision to offer the largest range of safe and proven Welding related products to its UK clients. Weldfast has steadily enhanced its offering through the acquisition of the assets of a number of established competitors and securing numerous sole UK distribution agreements with leading overseas manufacturers.
The activities of Weldfast predominantly include the supply of welding equipment and other associated products, however the company also has two specialist manufacturing divisions: MWA which is the sole remaining UK manufacturer of welding electrodes and Cros-Arc which manufactures a range of step-controlled MIG welding machines.
At the beginning of 2020 and despite the ongoing pandemic, the company moved to a new 60,000 sq.ft facility to meet the increasing demand from its UK-wide client base. The new facility allows for increased automation and positions the business for future growth, while the management team has also invested in a state-of-the-art Gas Testing Facility – which is believed to be one of the largest in Europe – to offer a full range of regulated gas products to its customers.
Steve Nixon, Director at Weldfast commented:
“We have seen substantial growth in our business over the last few years, but also know there is much more that we want to achieve as we bring new products to market, improve the efficiency for our customers and look at growth in overseas markets. We are very excited to be able to work with Newable to help us on the next phase of growth, we believe their investment will be good for all our customers and staff.”
Peter Barrand, Managing Director at Newable Capital commented:
“We have been hugely impressed by the business that Steve and Nigel have built and see a significant opportunity to leverage the resources of Newable to help them deliver the next phase of growth. Our aim is to support established family business that have a leading position in their specific markets with long term investment. We look forward to working with the whole team at Weldfast in a very exciting time for the business.”
Newable Capital forms a key part of Newable, the leading provider of space, money and advice to SMEs which was established in 1982. Newable Capital provides investment to help profitable, well-established UK SMEs through their growth journey, with previous investments including ARC Building Solutions in December 2019, J.C Atkinson and Sons in July 2021, London Fire Solutions in March 2021 and Dancerace in July 2021