NSL acquires local parts supplier
NSL Automotive Components has expanded its Coventry operations following the acquisition of a local car parts supplier for a six figure sum.
The fast growing business, which specialises in the remanufacturing of steering systems, has taken over neighbouring firm Coventry Core Supplies as part of its latest drive to extend its offering in the city.
According to boss Mick Parsons, the deal will not only help the business to further expand its product range and services, it will also streamline the supply chain.
Mick said, ‘The acquisition of Coventry Core Supplies is tremendous news for both companies as the deal will place the business in an even stronger position going forward – forming part of NSL’s ongoing drive to grow and build the business.
‘This investment will allow us to expand our offering so we can continue to meet the increasing demands of the automotive industry across the UK, as well as safeguarding jobs in the city.’
NSL Automotive Components, which was formerly known as Coventry Powering Steering Specialists, was acquired by Mick – who was an employee – in August 2013.