British Engines signed an agreement to purchase the Michell Bearings business and the Rolls-Royce Training School on Scotswood Road, Newcastle, from Rolls-Royce. The Rolls Royce subsidiary will join British Engines as its seventh engineering company in the North East. Michell Bearings designs and manufacturers hydrodynamic bearings for a wide range of marine and industrial applications.
The buyout, which involves more than 200 employees, will allow British Engines to further diversify its product portfolio. Richard Dodd, British Engines COO stated: “Michell Bearings’ products complement British Engines’ existing products and fit well with the group’s focus on value added engineering. We are looking forward to working with the business to provide investment in people and resources required for future growth. British Engines has a firm commitment to the development and retention of talented and ambitious people in the North East, which is seen through its award winning Apprenticeship+ scheme.”