HQW Precision GmbH, a prominent European manufacturer of high precision ball bearings, is pleased to confirm its acquisition of The Barden Corporation (UK) Ltd.
Previously part of global automotive and industrial supplier Schaeffler, The Barden Corporation (UK) Ltd. (Barden UK) is a UK based manufacturer of super precision ball bearings for the aerospace and industrial sectors. Established in 1947, the company has long been recognised as a market leader, with a key focus on innovation and quality. This focus is shared with Germany-based HQW Precision GmbH, with the acquisition bringing together two highly compatible businesses.
The plant was originally due to be closed as part of Schaeffler’s realignment of UK activities in line with its “Global Footprint” initiative. However, the acquisition comes as a result of the commitment by Schaeffler to find an alternative solution which would benefit both companies and their stakeholders. Barden UK will remain as a supplier to the Schaeffler Group and continue to operate from its manufacturing facility in Plymouth UK, ensuring the minimum of disruption for customers, suppliers and employees. Future investment into the plant is expected in the near-term, strengthening the company's leading position in the super precision ball bearing market.
Reaction to Schaeffler’s announcement from local business services has been positive. Plymouth City Council has welcomed the news that over 300 manufacturing jobs will remain in the city and has pledged to offer its full support to ensure the long-term success of Barden UK.
Newly appointed Managing Director at The Barden Corporation, Damian Dunne, said: " We are incredibly excited about this new chapter in Barden's history and want to thank Schaeffler for their flexible approach in making it happen. There is a natural fit between HQW and Barden and working in partnership will create some incredible new opportunities for both companies to grow, develop and provide our customers with the best possible products and services. Together we have a highly skilled and experienced work force, state of the art R&D facilities and exciting plans for the future. After recently celebrating 50 years of Barden in Plymouth, I could not be happier that the company is now looking forward to another 50 years of success, and many more besides!"
Robert Globe, Management Consultant HQW Precision GmbH, added: “It is wonderful that these two successful and unique companies have been brought together to combine their significant strengths. We are confident each has the vision and competence to capitalise on the opportunities this move brings.”