Acquisition of Trelleborg Offshore UK Ltd
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
Trelleborg Offshore UK Ltd announced yesterday a management buyout of the UK, Skelmersdale-based business from the parent Trelleborg Group with financing provided by Praetura Corporate Finance.
New owners, Alan Burgess and John Drury, expect that the buyout will renew focus and improve performance towards the company’s key customers in the oil and gas and offshore renewables sectors, delivering class-leading subsea buoyancy and bend protection solutions.
In a nod to it’s pre-Trelleborg roots, the new business will be re-named CRP Subsea Limited.
Read the article online at: https://www.worldpipelines.com/business-news/02032021/acquisition-of-trelleborg-offshore-uk-ltd/
You might also like
The World Pipelines Podcast
Juan Caballero, Chair of the AMPP Board of Directors, talks about AMPP’s global efforts to prevent corrosion and to protect assets, offering insight into how the association listens to its members and serves the pipeline industry.
Listen for free today at www.worldpipelines.com/podcasts or subscribe and review on your favourite podcast app.
Qapqa have signed a contract for the supply of automatic welding equipment and services
Qapqa have signed a contract for the supply of automatic welding equipment and services with A-HAK Pijpleidingen Saudi for ARAMCO’s Master Gas System-3 Project.
