Sale of Schaefflers British factory in Plymouth to HQW could potentially secure hundreds of jobs

Sale of Schaeffler's British factory in Plymouth to HQW could potentially secure hundreds of jobs

Schaeffler is to sell its UK Barden division to HQW Holding, saving potentially hundreds of jobs in the South West England city of Plymouth.

The German supplier still intends to shutter its Llanelli plant in Wales and merge its two logistics centres from this July, but the sale of the Plymouth factory manufacturing mainly spindle bearings and machine parts, will come as a considerable relief.

With the agreement, the Barden brand will be used worldwide except for America, where it will continue to be employed by Schaeffler.

At present, the Plymouth site mainly produces spindle bearings and machine parts for Schaeffler's Industrial division, as well as super-precision bearings for the aerospace and defence industries. Barden UK will continue to be a supplier to Schaeffler Group in a separate supply agreement.

"We are very pleased HQW Precision is a company with which Schaeffler already has a business relationship," said Schaeffler Group Industrial CEO, Stefan Spindler.

"The plant in Plymouth is an excellent addition to their portfolio of high precision products. We have every confidence Barden will continue to offer products with the highest standards of quality."

For his part, Barden UK MD, Jon Everett added: "This successful outcome is the result of a shared goal between the key stakeholders to find the best solution for Schaeffler, Barden's customers and employees, and the Plymouth community.

"We would therefore like to thank HQW and acknowledge the valuable support of the Ministry of Defence, our local political representatives, and the people of the City of Plymouth during this process."

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