Warwickshire-based engineering specialist Ricor Global has acquired Walsall Pressings Company and D.R.B. Engineering (Walpres) for an undisclosed sum. The deal creates an £80m turnover group with seven factories distributed across the UK, Poland and Slovakia. Walpres manufactures automotive body pressings and assemblies for automotive OEMs and tier one suppliers. Ricor has called the acquisition a "transformational opportunity", augmenting its product capabilities and OEM customer base at the heart of the European automotive industry.
