A management buyout has been completed at the Cleckheaton-based tooling supplier Cutwel Ltd.
Cutwel operates from a purpose-built 24,000 sq ft distribution facility and specialises in the supply of precision cutting tools, machine tool accessories and precision measuring tools to the UK and Irish engineering industry.
Since founding the firm in 1996, husband and wife Paul and Mary Hawksworth have invested in Cutwel’s sales and technical teams, increasing head count to more than 50 people.
The management team at Cutwel, led by Adam Gillard, Graham Short, and Shaunie Mangham (under the guidance of former owners Paul and Mary Hawksworth) has built a business with its people at its core, and in doing so has delivered strong year-on-year growth.
Adam Gillard, general manager at Cutwel, said: “We are proud of what Cutwel has achieved over the past 20 years, combining great products with excellent customer service. This investment is the next step on that journey.
“We look forward to further strengthening our team, grow our suppliers’ brands and continue the strong momentum our talented team has generated to date.”