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Mon September 16 2024

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New owner for Stanton Precast

25 Oct 23 Sateba has sold Ilkeston-based Stanton Precast to Northern Ireland’s Tracey Concrete.

Private equity owned Sateba has chosen to concentrate on its concrete railway sleepers business and get out of drainage.

Sateba said: 鈥淲ith a shared vision for the future, we're confident this transition will herald a promising era for the Stanton drainage business, which was not a core business for Sateba.

鈥淪ateba is retaining its UK infrastructure and rail business and remains committed to its UK team for future development. The company will remain on the same site which has been split between the two companies.鈥

Tracey Concrete, which is based in Enniskillen, said: 鈥淏y merging our expertise and resources, we are well-positioned for continued expansion and success.鈥

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