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The Gap Partnership

Pump maker acquires former BAE Systems site

A manufacturer of pumps has acquired a large new site that will enable it to expand its manufacturing, office and storage facilities.

18 December 2012

Posted by Ron Maverick

A US-owned pump manufacturer has completed the business negotiations to acquire a 442,000 sq ft site for the purpose of manufacturing, office and warehousing in Greater Manchester.

NOV Mono has completed the deal to take over the site at Satellite 330 in Chadderton, enabling it to move from smaller premises in Audenshaw.

CB Richard Ellis (CBRE) managed the sale from landlord Royal London Asset Management, which the manufacturer needed as it could no longer expand at its current headquarters.

Director at CBRE Paul Cook said: "The sale of warehousing and offices to NOV Monos emphasises the strength of north-west manufacturing companies who continue to grow their businesses despite difficult economic conditions."

NOV Mono acknowledged the help given by Oldham Borough Council in providing some of the funding to help it complete the move from neighbouring Tameside.

Other major acquisitions taking place in Greater Manchester this week include the purchase of Wigan-based crane hire firm Ainscough from its owners Caird Capital by Goldman Sachs and private equity firm TPG.

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