In­vest­ment looks to cre­ate op­por­tu­ni­ties

Evening Express (City Final) - - News -

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.”

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