Executives at Trelleborg Offshore UK are to undertake a management buyout of the business from parent company Trelleborg Group.
New owners, Alan Burgess and John Drury, said they expect the buyout will “renew focus and improve performance” towards Trelleborg Offshore UK’s key customers in the offshore wind, renewables and oil and gas sectors, to deliver “class-leading” subsea buoyancy and bend protection solutions.
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Burgess is the managing director of Trelleborg Offshore UK.
Praetura Corporate Finance provided the financing of the management buyout of the Skelmersdale-based company.
In a nod to its pre-Trelleborg roots, the new business will be re-named CRP Subsea Limited.