It is with great pleasure that we can reveal Profab Limited has joined the B.B. Price Limited group.
We have a close working relationship with Profab and its founder Bernard Simkins. They have been a supplier of ours for many years with an outstanding reputation in the marketplace. The acquisition follows Bernard’s plans to retire over the next few years but also his desire to see the business strive beyond his tenure.
Bernard will be staying with the company for the near future. He will be working with us to help manage the integration and share his knowledge with the new management team. This was a large factor from negotiations to ensure that the business would run smoothly during the initial transition period.
Profab specialise in laser and flame cutting, whilst also providing other ancillary services such as fabrications and CNC machining. With customers across the mining, transportation and agriculture sectors, the acquisition opens doors into new markets as well as enhancing our service offerings to existing customers.
Neil Price (Director) said of the acquisition: ‘We are delighted to welcome Profab to the B.B. Price group. We feel that Profab can be an excellent addition as they bring a wealth of experience, knowledge and capabilities. Profab also introduces us to new sectors which will help us explore new areas for growth within the business.’
The two companies will continue to run separately for the immediate future, with no changes being visible to external stakeholders. Profab’s operations will at some stage be relocated to our Newtown Street and Corngreaves Road sites to further maximise efficiencies from the acquisition.
We are very excited to have Profab on board and to see the impact the move will have on the B.B. Price group.