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L Gardner's aerospace business has been bought out of receivership by a management team for £21m, saving 1,000 jobs.
L Gardner is to sell its Thomas Walter printed circuit boards business to DDi Corp of the US for £20m.
L Gardner is acquiring Cleveland Guest, the supplier of aerospace components, for an initial £2.4m.
L Gardner has acquired the Ilkeston aerospace operations of Chromalloy UK for £8.7m.