*Name changed to CRP Subsea Limited
Lagos — Trelleborg Offshore UK Ltd today announced a management buy-out of the UK, Skelmersdale-based business from the parent Trelleborg Group with financing provided by Praetura Corporate Finance.
New owners, Alan Burgess and John Drury, expect that the buy-out will renew focus and improve performance towards it’s key customers in the Oil & Gas and Offshore Renewables sectors, delivering class-leading Subsea Buoyancy and Bend Protection solutions.
In a nod to it’s pre-Trelleborg roots, the new business will be re-named CRP Subsea Limited.
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