Buy­out to open up new sec­tors for Green­bank

Burton Mail - - Bygones - By ROBIN JOHN­SON robin.john­son@reach­plc.com

PLANS by a Der­byshire engi­neer­ing firm to di­ver­sify have taken a big step for­ward af­ter it com­pleted a deal for an­other busi­ness.

Green­bank Group, which is based in Woodville, has an­nounced a buy­out of Franklyn Yates Engi­neer­ing, in Bur­ton, for an undis­closed sum.

The deal also in­cludes the firm’s man­u­fac­tur­ing fa­cil­i­ties at Con­nah’s Quay in Flintshire, which is now set to com­ple­ment Green­bank’s ex­ist­ing man­u­fac­tur­ing fa­cil­i­ties in Der­byshire and Creswell, in Not­ting­hamshire.

While the deal opens up new in­dus­trial sec­tors for Green­bank, the two firms con­tin­u­ing to op­er­ate in­de­pen­dently.

Charles Con­roy, man­ag­ing di­rec­tor at Green­bank, said: “Over the past decade, the group has in­vested heav­ily in di­ver­si­fi­ca­tion as one of our tra­di­tional mar­kets, the coal­fired power gen­er­a­tion sec­tor, has con­tracted.

Green­bank Group sup­plies engi­neer­ing so­lu­tions to a range of in­dus­tries (Image: Green­bank)

“Franklyn Yates al­ready has a proven track record as a key sup­plier to com­pa­nies work­ing in the clean wa­ter and sewage treat­ment, en­ergy from waste, clin­i­cal waste in­cin­er­a­tion and biomass in­dus­tries.

“These are in­dus­trial sec­tors Green­bank has iden­ti­fied as key mar­kets for our ex­ten­sive range of prod­ucts and ser­vices that have proved so ef­fec­tive in power plants across the globe. The ad­di­tion of Franklyn Yates to our com­pany port­fo­lio opens up a host of new op­por­tu­ni­ties as there’s fan­tas­tic syn­ergy be­tween the two busi­ness.”

The buy­out of Franklyn Yates will open up new mar­kets for Green­bank (Image: Green­bank) The deal brings the to­tal num­ber of peo­ple em­ployed across the group to around 130.

David Yates, man­ag­ing di­rec­tor of Franklyn Yates, who will re­main in post, said: “Day-to-day op­er­a­tions at Con­nah’s Quay will con­tinue as nor­mal but there’ll be even more ca­reer op­por­tu­ni­ties for our em­ploy­ees as part of a larger group.

“Our cus­tomers will also ben­e­fit from a much broader range of prod­ucts, ser­vices and ex­per­tise.

“As a re­sult, we ex­pect our turnover to in­crease sig­nif­i­cantly as we con­tinue to ex­ceed the ex­pec­ta­tions of our clients.”

Charles Con­roy, man­ag­ing di­rec­tor at Green­bank

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