A FACTORY which closed two years ago with the loss of more than 100 jobs could be about to reopen.
The £20 million state-of-the-art unit at the Lowfields Business Park, in Elland, was the HQ of the Carrington Wire Group until the company was crippled by the recession.
Now it has been sold in a multi-million pound deal to another firm, which it is understood intends to create much needed manufacturing jobs.
Jonathan Hyland, of estate agents Frank Knight, said the multi-million pound deal had been finalised and the new owners would be revealing their plans shortly.
Some preparation work is already under way at the huge factory, which was built about 12 years ago and was officially opened by the Duke of Kent.
The building covers about nine acres and there is a three acre expansion plot beside the Elland/Brighouse railway line.
Mr Hyland said Lowfields was Calderdale’s most important site for new business because of its links to the M62 and proximity to Leeds and Manchester.
“I am sure this deal will bring major benefits to the Calderdale economy,” he said.
Carrington Wire was founded in Elland in the 1800s and was taken over by a Russian company, Severstal-Metiz, in 2006.
But it began to run into trouble following the banking crisis in 2008 and despite losing 36 workers, a year it later gave the remaining 85 their notice while seeking a buyer for the business.
The metalware manufacturer supplied the construction and motor industries which were hit hard by the recession.