Balmoral Tanks expands with acquisition

Posted on 26 Mar 2018 and read 600 times
Balmoral Tanks expands with acquisitionBalmoral Tanks (a division of Aberdeen-based Balmoral Group Holdings Ltd) has expanded into the pipe-manufacturing sector with the acquisition of Servomac Ltd for an undisclosed sum.

Established in 1999, Servomac designs, fabricates, installs and tests pipework systems for the water, bio-gas and renewable-energy sectors and will continue trading under that name.

Its new £10 million purpose-designed factory in South Yorkshire (opened in January 2018) houses a brand-new epoxy coating line and in-line shot blasting, as well asthe latest laser cutting technology and fabrication facilities.

Allan Joyce, managing director of Balmoral Tanks (www.balmoral-group.com), said: “This acquisition provides a platform to extend our product offering to our global client base. Having worked with Servomac on a number of large projects, the synergy between the two companies has been striking.

“I am delighted that the team at Servomac will continue to run the business on a day-to-day basis, as their knowledge and experience is highly valued. This acquisition underpins Balmoral’s business strategy of differentiation in the market-place.

“Our ambition of being the number-one tank design and manufacturing company in the world has been strengthened by the ability to provide all associated project pipework, and we look forward to an exciting future.

“With improved and highly efficient manufacturing processes and a commitment to personnel development, we consistently deliver on our brand promise of being ‘not just another tank company’.”

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