Avingtrans PLC Booth secures GBP2.9m contract extension

TIDMAVG

Avingtrans PLC

21 January 2021

RNS REACH

21 January 2021

Avingtrans Plc

("Avingtrans", the "Company" or the "Group")

Booth Industries secures GBP2.9m contract extension

Begins development of new manufacturing facility

Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy and medical sectors, is delighted to announce its wholly owned subsidiary, Booth Industries (Booth), has secured a contract extension worth GBP2.9 million with a UK Government agency.

The extension is for the supply of doors designed, developed and tested over several decade's by Booth and demonstrates the businesses unique capability to supply high-integrity assured solutions for specialised applications.

Work will begin immediately, with the doors being delivered over the next 18 months.

Booth Industries also recently completed the demolition of part of its Nelson Street site in Bolton as it makes way for the construction of a new manufacturing facility that will increase the businesses overall manufacturing capacity to 6,400m2.

As well as expanding Booth's manufacturing floor space, the new development will also see investment in new materials handling equipment, new Factory Acceptance Testing (FAT) facilities and improved site welfare.

Mike Jenkinson, managing director of Booth Industries, said: "We're delighted to have been awarded the contract extension, which both sees the business start the new year on the same upwards trajectory we have been on since our acquisition in 2019 and demonstrates the confidence that one of our largest customers has in the business."

Austen Adams, managing director of Avingtrans PLC's Process Solutions and Rotating Equipment division, said: "This is a tremendous start to the year for Booth and builds on its recent success securing contracts on nationally-important infrastructure projects, such as HS2. This contract extension supports the ambitious growth plans we have in place for the business and provides a strong foundation on which to build over the coming year."

"The team at Booth has made great progress over the last 18 months, generating a substantial order book covering more than one year's sales and creating a robust pipeline of forward orders."

Enquiries:

 
 Avingtrans plc                                01354 692391 
 Roger McDowell, Chairman 
  Steve McQuillan, Chief Executive Officer 
  Stephen King, Chief Financial Officer 
 N+1 Singer (Nominated Adviser)                02074 963000 
 Shaun Dobson/Alex Bond (Corporate Finance) 
  Rachel Hayes (Corporate Broking) 
 SEC Newgate (Financial PR)                    02076 539850 
 Adam Lloyd/ Tom Carnegie 
 

About Avingtrans plc:

Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.

Business units

 
Hayward Tyler - Luton & East Kilbride, UK and USA, China and 
 India 
 Specialises in the design, manufacture and servicing of performance-critical 
 motors and pumps for challenging environments. 
 
 Energy Steel, Inc - Lapeer, Michigan, USA 
 Provider of custom fabrications for the nuclear industry, specialising 
 in: OEM parts obsolescence; custom fabrications; engineering 
 design solutions; product refurbishment; on-site technical support. 
 
 Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China 
 Provider of safety-critical equipment for the energy, medical, 
 science and research communities, worldwide, specialising in 
 precision pressure and vacuum vessels and associated fabrications, 
 sub-assemblies and systems. 
 
 Booth Industries - Bolton, UK 
 Designs, manufactures, installs and services doors and walls 
 which can be tailored to be: blast &explosion proof; fireproof; 
 acoustically shielded; high security/safety; or combinations 
 of the above 
 
 Ormandy Group, Bradford, UK 
 Design, manufacturers and servicing of off-site plant, heat 
 exchangers and other HVAC (heating, ventilation and air conditioning) 
 products 
 
 Peter Brotherhood - Peterborough, UK 
 Specialises in the design, manufacture and servicing of performance-critical 
 steam turbines, turbo gen-sets, compressors, gear boxes and 
 combined heat and power systems. 
 
 Composite Products Ltd - Buckingham, UK 
 Centre for composite technology, parts and assemblies, serving 
 customers in industrial markets. 
 
 Scientific Magnetics - Abingdon, UK 
 Designs and manufactures superconducting magnet systems and 
 associated cryogenics for a variety of markets including MRI 
 and provides services for Nuclear Magnetic Resonance instruments. 
 
 Tecmag Inc, Houston, USA 
 Designs, manufactures and installs instrumentation, including 
 consoles, system upgrades, and probes, mainly for Magnetic Resonance 
 Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems. 
 

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January 21, 2021 02:00 ET (07:00 GMT)