Husband and wife team acquires Black Country manufacturer

Tamlyn Jones

7 June 2024 at 11:21 am·2-min read

A husband and wife team has bought out a Black Country manufacturing business.

Owners Cameron and Elizabeth Wakeman have taken over Midlands Wire Mesh in an undisclosed deal which has allowed previous owners David and Debbie Walters to retire.

Established in 1975, Midland Wire Mesh is based in Lodgefield Road, Halesowen, and manufactures wire mesh, supplying to clients in sectors such as construction, gardening, drainage and the pet industry.

As a result of the acquisition, the new owners said they hoped to create an additional three roles, diversify the in-house services they provide to include welding and invest in new machinery.

Mr Wakeman has more than 14 years of sales, marketing and management experience within the metal industry while Mrs Wakeman, who also works at Guest Hospital in Dudley, will look after the company's finance and business marketing.

Mr Wakeman said: "Myself and Elizabeth have always wanted to run our own business and, when the opportunity came about, we were keen to make it happen.

"I have always worked in the metal industry in various roles from shop floor, operating machinery to sales and management roles so I'm looking forward to applying my skills and knowledge to Midland Wire Mesh.

"Our aim is to grow the business over the next 12 months and focus on diversifying into new markets including racking, pet care, safety and architecture."

The acquisition was supported by a joint £175,000 funding package from Wolverhampton-based BCRS Business Loans and Sheffield outfit UKSE.

Birmingham-based brokerage Central Business Finance introduced the couple to the funders.

Lynn Wyke, senior business development manager with BCRS Business Loans, added: "We are delighted to have been able to deliver the funding Cameron and Elizabeth needed to secure the purchase of Midland Wire Mesh.

"As a lender that delivers funding for social and economic impact, it is great news that the funding will generate new jobs and enable the company to innovate."

UKSE regional executive Mike Lowe added: "Midland Wire Mesh is a great example of a Midlands manufacturing business looking to grow through investment and innovation.

"Cameron and Elizabeth were a pleasure to work with and we wish them all the success as they grow and develop the business."

Central Business Finance's director Steve Harris said: "I am thrilled to have been able to assist Cameron and Elizabeth to source suitable finance.

"Businesses like Midland Wire Mesh are a perfect example of where we can add value by opening up opportunities for the business to grow and prosper."

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