Bawtry Carbon

Enact

Bawtry Carbon is one of only three western-world suppliers of carbon cathode products for the aluminium industry, operating from a 56 acre site where it has traded since 1972. Bawtry manufactures consumable carbon-based products for use in aluminium smelting and has an international customer base exporting globally from its facility in Austerfield, Doncaster.

In October 2019, Enact, agreed to buy the trade and assets of Bawtry Carbon International in an accelerated transaction after its parent company hit financial problems.

Chris Cormack, Partner leading the Enact fund, joins the Bawtry Carbon board and will support the existing management team. He commented "We are delighted to have completed the transaction, resolving an uncertain time for employees and other stakeholders. Bawtry Carbon has a unique position in a growing market and we are excited about supporting the management team who have shown remarkable resilience over the last 5 years, firstly to rebuild the factory following a fire in 2013 and latterly stabilising the business despite parent group pressures creating cash constraints that were no fault of the company.”

Carl Hammerton, Managing Director of Bawtry Carbon, added: “The business is built on strong partnerships in the supply of high quality carbon products to our customers within the primary aluminium industry. Priding ourselves not only in the high quality products we provide but equally in the proactive approach we offer to our customers. Due to our strong market presence and reputation there was significant interest from several parties, with one company standing out in their determination to join us on our journey. We are therefore pleased that in Enact we have a partner that we believe will add true value to us as a business and that of all our stakeholders.”

The investment in Bawtry Carbon is the third completed by Enact Fund II, just four months after closing the second fund at £30 million.