Parker PEGL Ltd, the parent company for Bestobell Valves, is celebrating securing three prestigious regional business awards.

The Sheffield-based firm, which earlier this year secured a Queens’ Award for International Trade, won the Manufacturer of the Year, Outstanding Business Award, and Business Person of the Year Award went to Marie Cooper, Finance Director. The awards were presented at Ponds Forge International Sport Centre in Sheffield at a special ceremony attended by over 700 guests. Parker PEGL faced stiff competition, with dozens of companies entering each of the 14 categories at the awards, before judges narrowed it down to a 60-strong shortlist. The winners were announced by BBC Look North presenter Harry Gration.

Mark Henley, Managing Director at Parker PEGL, said, “We are so thrilled to have won a number of these prestigious awards. This has been a tremendous year for the business and these latest awards really are the icing on the cake! There is nothing better than achieving an award in our own hometown and we would like to thank all our staff for their efforts in making this possible.”

Company in flux

PEGL was acquired in Autumn 2015 by Parker Hannifin, a global leader in motion and control technologies and became Parker President. This integration into Parker’s Instrumentation Group will strengthen its resources and increase its position in the LNG, industrial gas, and mining markets.

Parker PEGL impressed the judges with how the company has invested in its manufacturing operations, which has enabled it to complete several machining tasks more cost effectively and efficiently. It has also invested in rapid prototyping equipment to bring new products to market more quickly. This has led to many innovations, including developing a high pressure valve range for the international marine market to meet new environmental legislation.

Judges awarded Parker PEGL the title of most outstanding business for the way it has invested in bringing its manufacturing operations back to Sheffield and in expanding its design and engineering teams, which has helped it to become renowned as one of the world’s leading manufacturers of cryogenic valves.

The company also demonstrated how, now as part of Parker Hannifin, it plans to further invest in its manufacturing base in Sheffield.

Honoring leadership skills

For the Business Person of the Year award judges commended Finance Director Marie Cooper on her leadership skills and her instrumental role in ensuring the company could meet its growth aims through effective financial management. This had a huge impact on the business in terms of achieving the financial support the business needed to increase its trade in the international markets and retain the working capital requirements with the implications that large new Marine projects brought to the business.

Parker President is made up of three business units – Bestobell; which manufactures valves for the industrial, shipping and LNG (liquefied natural gas) markets internationally, Conflow produces safety equipment for the mining industry and Bretby Gammatech, which designs and produces monitoring equipment for the mining markets globally. All three businesses within the group sell the majority of their products to the international markets.