Meade Corp adds Pearce to its business

Martyn Meade has expanded his Meade Corporation with the acquisition of CJ Pearce, the Midlands-based construction group.
Following Meade's successful bid for Thyssen in September last year, that business has been rebranded as six distinct divisions, each carrying the name of Butterley. The largest of the six is Butterley Construction with an annual turnover of £50m.
Pearce is being merged into Butterley Construction and Charles Coward, managing director of Pearce, has become Butterley Construction's managing director.
The Pearce board remains the same. Katrina Scorey, Pearce's finance director, becomes company secretary, while operations directors Ron McBride and Karl Shaw are both now directors of the larger construction business.
Pearce went into the red in the year to 31 March 2003 as a result of two difficult contracts and unfavourable trading conditions. The figures show a pre-tax loss of £840,000 on turnover of £17m. In the previous year, a similar turnover had generated a profit of £350,000.