Metal banding specialist changes hands
1 min read
Two of the fastener and fixings industry's leading manufacturers have agreed a deal transferring ownership of a Birmingham-based production facility.
Elms Lightning Fasteners, of Lightning Way, West Heath, has been acquired by Jubilee Clips from SEAC for an undisclosed sum.
The announcement is great news for Factory Manager Phil Maher and his colleagues in Birmingham, for whom Jubilee Clips was previously a customer. The cut-to-fit metal banding systems they manufacture sit perfectly within the new owner's established range of worm drive hose clips and associated clips and clamps.
SEAC, which is best known for its Polytops moulded plastic top fixings, has been able to use proceeds from the sale of Elms Lightning Fasteners to help fund its recent move to a new headquarters with nearly 25,000sq ft of manufacturing and warehouse space, on the Chartwell Industrial Estate in Wigston, near Leicester.
The highly automated Birmingham operation will continue to trade as Elms Lightning Fasteners and the Stranglehold Banding name under which its core product is sold will also be retained. Particularly popular with the heating and ventilation, and sign-fixing industries, the Stranglehold system comprises a worm drive steel strip that can be cut to the length required, and screw housings which slide onto the band. The band can then be tightened onto pipes or ducts of almost any diameter, with a screw inserted into the housing.
