OPSOLOrganization for the Preservation of the Soundtrack to Our Lives (website)
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Cramlington-based Opsol, which works in electronic design, had faced an uncertain future after its parent company A-Belco went into administration with the loss of 80 jobs.
Mr Humble is best known for founding Cramlington firm Opsol, which he grew into a PS5m business before it was bought by the A-Belco group in 2014.
"By helping firms like OPSOL UK we are showing the intent needed to make sure we get through the recession relatively unscathed.
A customer of Opsol, Chris Pennison of Hyperdrive Innovations, was influential in ensuring that this deal turned into reality.
Opsol UK now employs eight people, with new starters on a managerial level including Martin Ormston as production manager and Jennifer Tait as office manager.
In a classic example of vertical integration, the PS22m turnover A-Belco Group has strengthened its supply chain with the acquisition of the PS3.2m annual turnover Opsol, a move which will open up new markets for both Northumberland firms.
Malcolm Humble, managing director of OPSOL UK Ltd and Brian Trench, CEO of the A-Belco Group.
OPSOL UK, an electronics design and manufacturing business in Cramlington, have appointed RICHARD WHITEHEAD as general manager.
With the support of sponsors BEL Valves, in Newcastle, and Opsol, of Cramlington, the boys believe the extra work will lead to a winning entry.
ELECTRONICS manufacturer Opsol has its sights set on doubling its turnover to PS6m within a year after acquiring sole rights to a popular children's product.
The first phase of 300,000 sq ft includes tenants such as Jewsons, W & M Wholesale, MEP Solutions, and Paragon Labels, followed by a second phase of 350,000 sq ft with tenants such as Potts Print, Opsol and Avid Vehicles, with the third phase of 550,000 sq ft attracting lettings to Romec, Metalpoint, Draeger Safety and MGN Contracts and Site and Offshore Specialists.
The device is made in the North East by Team Valley-based Responsive Engineering Ltd with Opsol UK building the electronic circuitry in Cramlington.