Heckmondwike-based 600 Group has completed a property deal.
The engineering group has paid £725,000 for the freehold property for one of its existing precision components businesses, Gamet Bearings, based in Colchester, Essex. The purchase replaces the existing sale and leaseback agreement that 600 Group formerly had for this site.
Gamet Bearings manufactures tapered roller bearings for the machine tool market. It’s managing director, Tony Tankard, said: “I am delighted that 600 Group are making significant investment into the manufacturing facility at Gamet Bearings, which is of huge importance to us and our future plans for continued growth.
“Market conditions continue to be good and this purchase goes a long way to supporting new product and market developments.”
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