Keltbray Group has launched a reinforced concrete frame business in the wake of acquiring some of the assets of Bathgate-based Dunne Group, which went into administration last month and ceased trading.
Former Dunne boss, Gordon Dunne, will be managing director of the new business – Keltbray Structures Ltd – while Keltbray Group’s managing director, John Price, will be chief executive officer.
A deal was struck with the administrators earlier this month for Keltbray to buy Dunne’s former yard and head office, as well as plant used for the construction of reinforced concrete structures.
Keltbray said that although it had not taken over Dunne Group as a going concern, or taken on any of its former contracts with clients, the newly-purchased assets means Keltbray has strengthened its portfolio.
Brendan Kerr, chief executive of Keltbray Group said, “Prior to going into administration Dunne Group was a leading company in its field and enjoyed a strong reputation as a reinforced concrete frame specialist contractor. We believe that Keltbray will benefit from tapping into their capability and this acquisition of some of their assets.
“Keltbray Structures has the potential to complement and expand our existing portfolio, which is already unrivalled in the UK, and help us to further develop our expertise and differentiation in line with market demands.
“With our financial resources behind it, I believe there is considerable scope for increasing the service offering and profitability of our business through this development, and give us a better geographical reach to other parts of the UK, including Scotland.”