With a history of precision manufacturing in the South Yorkshire region stretching back over 130 years, Arkote manufactures and supplies industrial machine knives to the tobacco industry.
Exports make up over 80% of its turnover, with products supplied to some of the world’s largest machinery manufacturers from its facility just outside Sheffield city centre.
The acquisition of Hardy UK extends the group’s machine knife focus to the leather industry, supplying precision splitting, shaving and fleshing blades to machinery manufacturers in over 35 countries worldwide.
Arkote’s managing director Peter Oxspring commented: “Hardy UK’s manufacturing expertise within its industry niche is second to none, at the heart of which is the dedication of its employees.
"We have been supported by Fi-Tech since the acquisition with substantial investment in premises, state-of-the-art machinery and people. We plan to replicate that story of success with Hardy in the coming years.”
Kevin Davies, director of BHP said: “This acquisition is a perfect fit for Arkote. The transaction brings together two long-established and highly regarded businesses which are each manufacturing leaders in their specialist niches. The enlarged group provides the ideal platform for the continued development of both businesses.”