• Swindon & Wiltshire Manufacturing
• Wednesday March 20 2024
• Author Name: Peter Davison

Avon Group rescues pandemic-hit Interflex

Bristol-based Avon Group has rescued Interflex from administration, saving jobs at the pandemic-hit Nottinghamshire car parts factory.

The acquisition will see the manufacturing and engineering firm, with a turnover of £80 million, take on the trade, assets and most of the staff at the £8 million turnover business.

Interflex, which manufactures seals and acoustic protection products for the automotive industry and has been struggling to recover from the impacts of the pandemic and the subsequent volatility of the automotive sector, went into administration on February 28.

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“Our business has huge synergies with Interflex,” said Steve Thomas, sales director at Avon Group, which has nine operating businesses across the UK.

“The management team and staff at Interflex will bring additional engineering skills and capability to our group that will propel our automotive business forward at an even faster pace.

“We are already making significant inroads with clever products for electric vehicles and are eyeing up the opportunities presented by the new battery plant being built in Somerset.

“This acquisition is not only good news for Interflex but good news for our group as a whole, as we continue to expand.”

Interflex will continue to operate from its 34,000 sq. ft premises at Langar, near Nottingham and it is anticipated that most of the company’s staff will be retained under the new ownership.

Pictured: Avon Group sales director Steve Thomas (right) with Jim Griffin, director of Interflex Ltd, following completion of the acquisition