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Metalrax, the West Midlands-based manufacturer of kitchen accessories with 387 staff, has been bought out of administration by Bowman Birmingham, while Metalrax Housewares was sold to Cable Capital Partners.

Metalrax has sold the assets of its MRX Automotive engineering supplies business in Smethwick to Sertec Birmingham for an initial £0.2m, with the transfer of 120 staff.

Metalrax has sold Fine Blanking, the Bromsgrove-based automotive components manufacturer with 140 staff, to Rical for £0.5m.

Metalrax has acquired Post Glover LifeLink, the US manufacturer of isolated electrical power systems with 24 staff, from Halma for £3m.

Metalrax has acquired Advanced Handling, the material handling equipment manufacturer with 160 staff in Peterborough and Romania, for up to £2.2m.

Metalrax has acquired Stackright Building Systems, the supplier of storage and container units to the construction industry with 130 staff at sites in the Midlands and the North West, for an initial £4m.

Metalrax has sold MRX Plastic Moulders, its Burnley-based plastic products business, for undisclosed terms.

Metalrax has acquired Cooper Coated Coil, the West Bromwich-based metal coatings company, for an initial £3.8m.

Metalrax has acquired Buncher & Haseler, the Birmingham-based manufacturer of commercial catering products, for £0.6m.

Metalrax has acquired the Classic Housewares division of Frederick Cooper for £0.8m, in order to expand its kitchenware products business.

Metalrax has acquired RTA Wine Racks, the Norfolk-based manufacturer of metal and wooden wine racks, for £3m.