Sponsored by
Glacier hails ‘milestone’ deal
Glacier Energy Services yesterday said it had reached “another milestone in its rapid growth” by signing a contract that is set to generate annual revenues of £2.5 million.
The Aberdeen-based oilfield services group, which has a manufacturing plant in Motherwell, said its agreement with Newcastle-based BEL Valves would also result in new “facilities and resources”.
Glacier launched only last year following an £8m investment from Maven Capital Partners, Simmons Parallel Energy and debt finance from Clydesdale Bank. The deal enabled the acquisition of two established Scottish manufacturing businesses – Roberts and Wellclad.
Glacier boss Dave Sturrock said: “This agreement [with BEL] represents Glacier’s desire to enter into strategic relationships with key customers.”
Email to a friend
Print this page- Scottish independence: I don’t want ‘separatism’ says Sir Tom Farmer
- Rangers administration: End game nears for fallen icon
- USA 5 - 1 Scotland: Donovan grabs hattrick as Scots routed in Florida
- Vatican poised to make more arrests in papal leaks scandal
- Rangers administration: Duff & Phelps ‘hopeful’ that Taxman will agree to CVA
- Scottish independence: I don’t want ‘separatism’ says Sir Tom Farmer
- Scottish independence: Labour voters ‘will deliver independence’
- Rangers administration: End game nears for fallen icon
- Leaders: Blurred vision on independence
- Rangers administration: Duff & Phelps ‘hopeful’ that Taxman will agree to CVA
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Monday 28 May 2012
Today
Sunny
Temperature: 9 C to 21 C
Wind Speed: 15 mph
Wind direction: North east
Tomorrow
Cloudy
Temperature: 10 C to 16 C
Wind Speed: 12 mph
Wind direction: North east
Your view
Please sign in to be able to comment on this story.