Prosper has recently joined Beck Industries, one of Europe’s leading manufacturers of special bolts for the power generation and oil industries.
The Prosper name has been well known as one of the few top British manufacturers and distributors of special bolts for subsea, petrochemical and power generation industries. Thanks to its earlier merger with Midsteel and subsequent rationalisation and sales success, the company is expanding strongly especially in the subsea industry.
Prosper employs over 120 people in Kingswinford, in the heart of the Midlands, and in Aberdeen, the Scottish base for the North Sea subsea activities, with total sales exceeding £13 million, including worldwide exports.
Beck Industries is a fourth-generation family-owned group, focused on the manufacturing of special bolting, operating eight sites in France, Germany, Belgium, China and now the UK. The group is implementing a strategy of federation of first-class bolting companies throughout the world, in order to service its customers in the most competitive way.
The new group turnover will exceed €65M and this acquisition will further strengthen the current impetus at all sites.
Prosper perfectly complements Beck Industries, both for sales areas and product portfolio. Beck Industries brings to Prosper a large and diversified manufacturing and stock capability and synergies will range from technical to purchasing and sales.
Prosper and Beck both share the same absolute resolve regarding quality and safety. Our clients operate facilities and equipment where human lives and the environment are at risk. In such an acquisition it was a pre-requisite that the quality culture matched. Our clients will benefit from the advantages of bringing together two companies with a similar approach to business and a similar attitude to integrity. The ability to serve international contracts is also further enhanced. We have solid grounds to be excited and ambitious for the new venture and for the international development of Beck Industries.
Mr Martin Boulter will remain the managing director of Prosper and there is still the same dedicated workforce that served our customers previously. However we now have access to a much larger stock facility to meet our customer’s demands including any urgent shortfalls.
The Prosper workforce are extremely proud to be part of the Beck Industries group and are already planning their visits to the Beck head office site in Armentières, France.
For many years Prosper has been one of the UK’s largest manufacturers and distributors of high-integrity bolting and now, due to the acquisition by Beck Industries, we can truly declare ourselves as players on the world stage.