The Halifax firm, known as Elland Metal Spinning, had been in business since 1946 but ran into difficult trading conditions during 2020 owing to the coronavirus pandemic.
Ossett based insolvency practitioner, Phil Booth of Booth & Co was appointed as administrator and an online auction of the firm’s assets was conducted on January 21.
Middleton & Cruddas combined traditional hand spinning alongside modern CNC machining processing.
During its tenure it was famed for the plethora of apprentices and time served artisans who passed through the company’s employment.
The historic firm has gone into administration.
The Machinery and Business Assets department of Walker Singleton was appointed to realise the assets.
Calder Metal Spinning Company, based in Brighouse, was bought by Stephen Lawler, owner of Leeds Metal Spinning, three years ago with help from the Business Enterprise Fund.
The manufacturer makes components for a diverse range of industries, including heating, lighting and ventilation as well as transport.
Calder Metal Spinning, which was founded in 1947, was turning over £500,000 when he bought the company
The enlarged group, which employs 68 people, is expected to achieve a £5m turnover by the end of the year, reaching up to £15m once all the acquisitions have been made.
Mr Lawler said: “I grew Calder as much as I could when I bought it but there’s only so much you can do with a steady business like that. That’s when I started to add on other businesses.”
He added: “My aim is to build a group of strong manufacturing companies in the UK and add to our services. So we’re not just a metal spinning company, we can do welding, fabrication, machining, and CNC punching and pressing.”