Investment looks to create opportunities
TWO NORTH-EAST businesses are set to work together after a £10 million investment. Balmoral Group had taken a stake in Turriffbased ACE Winches to maximise global opportunities in the oil and gas sector.
Both businesses are privately owned and will work together in the offshore, renewables and decommissioning markets.
Jim Milne, chairman and managing director at Balmoral Group, said: “ACE Winches has built a very strong reputation and we recognise the potential in the company. Our aim is to help them achieve greater market share on the world stage by identifying and advising new markets.”