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PRIVACY
Manufacturing

Rescue deal for Black Country metal forging firm George Dyke

Historic Darlaston business fell into administration in January but has been bought out by Indian group RB

A historic Black Country metal forging specialist has been rescued out of administration.

Darlaston-based George Dyke has been bought out by RB Forgings (º£½ÇÊÓÆµ) which runs the Shakespeare Forgings site in Cradley Heath and is part of the India-based RB Group.

The deal has preserved 39 jobs.

Raj Mittal and Tony Barrell, from FRP Advisory in Birmingham, were appointed joint administrators of the company at the end of January after it had faced severe cash flow issues following a period of challenging trading conditions.

At the time, 30 staff were made redundant while around 40 more stayed on to help the business continue trading while administrators sought a buyer.

The company's roots date back to the mid-1800s after George Dyke was born in Birmingham in 1826 and later moved to live in Willenhall where he worked as a bolt maker.

RB Forgings said in a statement: "Our group is a collection of specialist businesses that place manufacturing excellence at the heart of their strategies in order to provide a best-in-class service to their clients.