- December 4, 2018
- Posted by: admin
- Category: Corporate, Heat Exchangers
Glacier successfully completed the acquisition of Whiteley Read Engineering from its current parent company, Stainless Metalcraft (part of Avingtrans plc), on Friday 30 November 2018.
Whiteley Read is based in Rotherham and was founded in 1937, becoming a respected brand in the oil & gas industry for its capability in the design and manufacture of pressure vessels, columns & towers, and pipework & skid packages.
Whiteley Read’s capability is adjacent to Glacier’s Birmingham operation in terms of design and manufacture of heat exchangers, and it is proposed to consolidate Birmingham operations into Rotherham, creating a merged Glacier Whiteley Read operation. Glacier Whiteley Read will be led jointly by Birmingham General Manager, Daniel Leversidge, and Whiteley Read’s Operations Director, Neil Leesing, both of whom will report to Glacier Enery Services Managing Director, Duncan McDougall.
Austen Adams, managing director of Avingtrans’ Process Solutions and Rotating Equipment division – which is home to both Stainless Metalcraft and Whiteley Read – said: “We’re delighted to be able to hand the business on to new owners in Glacier who have a shared appreciation of the heritage, skills and potential that exists at Whiteley Read.
“When we acquired the assets back in 2016, we were keen to reinvigorate the brand while retaining skills and scarce, large-scale manufacturing facilities in the UK. From a standing start, the business is now turning over £2.5 million per year and has worked on a number of flagship projects over the last two years, including a complete glycol regeneration plant for the Timimoun Field Development in Algeria and components for Storengy UK’s Stublach Gas Storage Project Phase 2.”
Scott Martin, executive chairman, Glacier Energy Services, said: “Whiteley Read has an excellent reputation in the market and is strategically a good fit for Glacier sitting alongside our existing capability in the design and manufacture of heat exchangers. As a result, the combined business will be able to offer a wider range of products to clients in the international energy market under the Glacier Whiteley Read brand.”