The Magazine for Underwater Professionals
10th May 2021
Trelleborg Offshore UK Ltd has announced a management buyout of the Skelmersdale, UK-based business from the parent Trelleborg Group, Sweden, with financing provided by Praetura Corporate Finance, UK.
The new owners, Alan Burgess and John Drury, expect that the buyout will renew focus and improve performance towards its key customers in the oil and gas and offshore renewables sectors, “delivering class-leading subsea buoyancy and bend protection solutions”.
In a nod to its pre-Trelleborg roots, the new owners have re-named the business CRP Subsea Ltd.