Modular construction expert Thurston acquires new factory

Wakefield-headquartered Thurston said the move will allow it to take on larger structural steel projects and more complex modular construction work as well as bespoke building fabrications. 

It will also have access to Storplan’s 1,900-sqm manufacturing facility in York, consolidating and boosting the firm’s fabrication capacity. 

“This strategic move creates a multitude of opportunities for both businesses, and we will be collaborating with Storplan’s existing management team, who will remain with the company,” said Matt Goff, managing director at Thurston Group. 

History and future 

Thurston was founded in 1970 and today employs 350 people across three sites in east and west Yorkshire. 

The business was acquired by private industrial investment company HLD Group in 2021 through a £16 million asset-based lending facility that formed part of the total acquisition cost. 

Storplan was started in 2000 and is a specialist fabricator and supplier of mezzanine floors, racking and partitioning for retail and industrial storage across the UK.  

It was also acquired, in 2019, by MBP Holdings Ltd, which is part of HLD Group. 

Thurston and Storplan will oversee a portfolio of more than 100 clients, with a combined turnover of more than £60 million. 

All of Storplan’s employees will be kept on as part of the new agreement.  

“The acquisition demonstrates our dedication to growth and expansion, positioning us for sustained success and strengthening our industry standing,” Goff added.  

“We look forward to driving innovation, seamlessly integrating Storplan’s strengths and experience into our operations, and delivering greater value to all our stakeholders.”  

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