RSM has successfully sold MTAG Composites Limited to GRP Alliance Limited. This strategic move involves MTAG Composites and related entities. The sale ensures continuity at MTAG’s Lincolnshire site. MTAG’s operations are expected to remain uninterrupted. The acquisition was finalised on 14 November 2024.
RSM, a prominent entity in the accountancy and consulting sector, has finalised the sale of MTAG Composites Limited. This transaction is a part of an administration sale involving MTAG Composites (Holdings) Limited and Electric Future Group Limited. By transferring ownership to GRP Alliance Limited, RSM has ensured that MTAG Composites’ operations will continue seamlessly, maintaining their base in Lincolnshire.
The sale, completed on 14 November 2024, marks a significant transition for MTAG Composites Limited. GRP Alliance Limited, now the owner, intends to uphold current operations without disrupting the existing workflow, which is vital for maintaining stability and performance at the company’s primary site.
The decision to sell MTAG Composites comes as part of a broader strategy aimed at restructuring and optimising the business operations. The continuity of operations was a pivotal consideration in the sale, as it assures employees and clients that the current business model and operations will persist under the new ownership.
This development reflects a broader trend within the industry, where strategic sales and acquisitions are used to streamline operations and enhance organisational efficiency. Such moves are instrumental in adapting to the dynamic economic landscape while safeguarding jobs and sustaining business activities.
The sale of MTAG Composites ensures continued operations under new ownership, reflecting strategic industry trends.
