Irish engineering group Mincon Group has acquired tungsten carbide manufacturer Marshalls Hard Metals Limited for an undisclosed cash sum.

Under the deal, the business and assets of Marshalls have transferred to a new company, Marshalls Carbide Limited. The business recorded revenues of around £4.25 million in the 12 months to the end of December 2014. Mincon accounted for about 20 per cent of the company’s sales last year.

The Irish group, which specialises in the design, manufacture, sale and servicing of rock drilling tools and associated products, said Marshalls would continue to trade from the same premises and there would be “minimal disruption”. Marshalls currently employs 46 people.