Glacier hails ‘milestone’ deal
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.”