Gloucestershire-based Severn Glocon Group — a manufacturer of control valves for the oil and gas industry, with production facilities in Gloucestershire, Yorkshire and Chennai — recently announced a multi-million-pound investment (from energy investor Blue Water Energy) that sees Colin Findlay become CEO to lead the implementation of a new five-year plan for expansion and a focus on new product development.

Severn Glocon founder Maurice Critchley becomes a non-executive director, while Christopher Powell continues as chairman.

Mr Findlay, who has worked at the group for the past 14 years and is also chairman of the British Valve and Actuator Association, said: “Our development plans are now in place and backed by Blue Water Energy.

"We are confident that our markets are strong, and Severn will continue to punch above its weight, with specialised products in all of its core markets.”

Blue Water Energy director Salil Oberoi said: “We are excited to work with Colin Findlay and his team, as we embark on the next chapter of the Severn Glocon story.

"Blue Water Energy brings a wealth of experience in growing energy-related companies, and we share the same ambitious growth plans for Severn Glocon that Colin and his team have.

"We are also grateful to have Maurice in his new advisory role on the board and the experience that he brings.”