UK-based Wessington Cryogenics Ltd (Wessington) has boosted its manufacturing potential after having signed a deal with Robertson Campbell Investments (RCI) that will see the latter taking a majority stake in the business.
Announced today, April 4th, Wessington aims to take advantage of both the partnership and the significant number of new tenders won by the company over the past few months to expand both manufacturing capacity and new product development.
Having already increased its manufacturing capacity by 30% and having hired new team members, Wessington invested a six figure sum into ‘state-of-the-art’ welding and fabrication equipment to help achieve its goal of a 50% increase in turnover.
As the energy transition progresses, the partnership could also help satiate the increasing demand by customers for emerging green energy applications such as hydrogen and liquid air.
A shuffle of directorial positions has seen Paul Rowe, former MD, transition to Technical Director, a key role in handling the green energy sector. Gill Courtney M.B.E. remains in her role as Commercial Director.
With 13 years spent as CEO of Britain’s largest bus and coach manufacturer, Alexander Dennis Limited, Wessington’s new majority shareholder, Colin Robertson also headed the $2bn construction division at Cummins Engines and Terex Corporation.