Newspaper article Evening Gazette (Middlesbrough, England)

New Owners Plan for Jobs

Newspaper article Evening Gazette (Middlesbrough, England)

New Owners Plan for Jobs

Article excerpt

A steel company has set its sights on pounds 2m worth of sales and doubling its workforce after being bought by its management.

Hartlepool company Hallcalm (UK), which fabricates steel and provides on-site repair and welding services, was founded in 1979 by Robert and Vanessa Pound.

The pair have sold the business to managing director Ed Hyde, sales director Andrew Dean and Drew McAtee for an undisclosed sum.

The company, which counts steel group Corus Construction and Alcan as well as Nissan as clients and employs 19 people, last year generated sales of pounds 900,000 and is on track for pounds 1.2m this year. Mr Hyde, who has taken the largest stake in the company, said: "Our largest client is Corus, which made up 30% of our turnover last year and probably slightly more this year.

"The fabrication of steel for barrages to prevent people driving into buildings is our main business for them.

"We are benefiting from the security consciousness which is promoting the products that we particularly are involved in making. …

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