600 Group secure Gamet Bearings’ property purchase
600 Group are pleased to announce the purchase of the freehold property for one of their existing precision components businesses, Gamet Bearings, based in Colchester, Essex for £725,000.
This purchase replaces the existing sale and leaseback agreement that 600 Group formerly had for this site.
This investment reflects both Gamet’s brand strength and their intention to capitalise on improved market conditions. Gamet Bearings are a leading manufacturer of Super Precision Tapered Roller Bearings, supplied primarily into the machine tool market and used by many of the world's leading turning and grinding machine manufacturers.
Tony Tankard, Gamet Director 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.”
For further information, contact:
Mike Berry, Managing Director - 600 UK Philip Cullen, 600 Group Marketing Manager