Port Glasgow firm takes over Grantown and Kinloss firms
More than 70 jobs in the north of Scotland are to transfer to a Port Glasgow-based firm following a takeover, it has been announced.
Ferguson Marine Engineering has bought MacKellar Sub-Sea Ltd in Grantown-on-Spey and its related company Tritech Nairn Ltd in Kinloss.
Joint administrators at FRP Advisory involved in the deal said the move secured the future of 73 jobs.
Ferguson Marine is a subsidiary of Clyde Blowers Capital.
The businesses in Grantown and Kinloss will continuing to trade as normal and all 73 staff have transferred to the new company with immediate effect.
Clyde Blowers Capital chairman and CEO Jim McColl said: "We have a strategic vision to transform Ferguson into a leading marine engineering business and key pillars of this strategy are to enhance our service offering and increase our presence in attractive end markets.
"Ferguson's acquisition of MacKellar Sub-Sea, which has a strong track record in the niche subsea oil and gas market, will help to achieve these objectives.
"We look forward to working with the existing management team to integrate and grow the business and are also delighted to welcome MacKellar's loyal workforce to the group after a period of uncertainty."
Joint administrator Tom MacLennan of administrators FRP Advisory LLP said: "We are very pleased to have concluded the going-concern sale of both businesses to Clyde Blowers Capital IM LLP.
"The deal is great news for the workforce, customers and the economy of the Highlands.
"We would like to thank all parties who expressed an interest in the business and all the employees, customers, suppliers and agencies that supported us as we continued to trade and worked to secure a deal."