A Greater Manchester-based manufacturer, which has worked on projects such as Crossrail, has become a standalone company in a "landmark moment".
Booth Industries in Bolton has reincorporated as Booth Industries International and is now independent of its recent parent company, Stainless Metalcraft.
The move comes following a turnaround at the business that has seen the Nelson Street-based manufacturer exceed all performance targets since it was acquired out of administration in 2019.
It will remain part of Avingtrans plc’s Process Equipment and Rotating Solutions (PSRE) division.
Mike Jenkinson, managing director at Booth Industries, said: "This is a landmark moment for the business and one I’m tremendously proud we are able to move forward with.
"Historically, Booth Industries enjoyed an international reputation as a leading supplier of performance-certified, specialist doors and walls but it experienced difficult times prior to its acquisition by Stainless Metalcraft.
"The whole team has worked tremendously hard since that time to understand the strengths and weaknesses of the business, investing time and resources to update our systems and hone our strategy to focus on areas of genuine strength and opportunity.
"We believe we now have a world-leading offer and, with strong financial and operational foundations firmly established, we are well placed to make the most of these opportunities around the world.
"The reincorporation and resultant rebrand reflects our revised, international focus and, by operating as a wholly-independent business unit, we can focus fully on taking the business to the next level."
Austen Adams, managing director of Avingtrans’ PRSE division, added: "Since we acquired the business in 2019, the Booth team has worked tirelessly to turn the business around, re-building confidence in key sectors and securing over £70m of orders, including major contracts with Crossrail, HS2 and other critical national infrastructure projects.
"Having made such progress and invested in new systems that will enable the business to operate more efficiently, we believe the time is right to reincorporate and reposition the business to continue along its growth trajectory as an independent entity with a global capability."
