By Mike Travers
Adam Bruce, who sold his Glasgow plant hire business in a multi-million pound deal last year, has offloaded another part of his business portfolio.
In 2016 Bruce stepped in to rescue Mitchell Engineering/Walkerweld and helped develop it into a sellable proposition. New owner CessCon Ltd took control yesterday (Monday) and will use the fabrication and welding company as a springboard to expand its presence in the fast-growing oil and gas decommissioning sector.
CEO Lee Hanlon said: “We at CessCon see this acquisition as adding fabrication and welding capability to expand our growing solution offering to meet the needs of the emerging decommissioning sector.
“I would like to say thank you to Adam and the team at Mitchell/Walkerweld for their efforts and we look forward to working closely with their customers, suppliers and other partners who have helped over the last few years to stabilise the business and make it an attractive opportunity for CessCon Limited going forward.”
The Mitchell Engineering and Walkerweld Engineering business is based in Cambuslang and will operate as a division of CessCon.
In a letter to customers and suppliers Bruce commented: “As you know, I stepped in to keep the Mitchell Engineering/Walkerweld business going in 2016 and along with our dedicated team of around 25 employees we have provided our customers with cost-effective, pragmatic solutions as well as responsive and flexible customer service over the period. Together we have managed to position the business for its next chapter in its long history.”
>> Walkerweld Engineering and Mitchell Engineering Group merged in 2018 to form Walker Mitchell Holdings, although both companies continued to trade under their existing names. The business operates from a 35,000 sq. ft. complex in the east end of Glasgow and combines Walkerweld’s skills in welding, fabrication and plant repair with Mitchell’s expertise in complex heavy machining, bending and rolling.
>> CessCon Decom was formed in 2016 and operates across the full decommissioning lifecycle from initial studies and surveys, to offshore asset removal and onshore dismantling and recycling. It has bases at Hunterston PARC near Glasgow, Edinburgh and Oslo, Norway. It works with all major oil and gas operators as well as heavy lift, transportation, and engineering design contractors.
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©Scottish Plant. Article posted 10/12/2019