TAGS: Marine / Protective Coatings
Denholm Industrial Services Limited, part of the Denholm Group, acquires 60 percent of Universal Coatings & Services Limited. It has become co-owners of the northeast-based business with Wilton Universal Group, forming a collaborative partnership that will strengthen Universal’s position in the industrial sector.
Co-ownership to Upscale Operations
The new co-ownership formalizes an ongoing two-year supply chain relationship between the two organizations and will enable customers to benefit from the enhanced size and scale of the combined operations.
Working in challenging environments, Denholm Industrial Services provides critical engineering support that enables the building and maintenance of power, infrastructure and naval and commercial marine assets. The business provides engineered scaffolding, specialist platform, cradle and rope access, blasting, painting and industrial cleaning.
Universal Coatings operates one of the largest coatings facilities in the Tees Valley, UK. It serves a range of industries including engineering, petrochemical, subsea, offshore renewables and nuclear power generation.
Universal Coatings has a 11,500 square meter blast and coating facility, at Wilton Universal Group’s 112-acre base, as well as providing on-site surface and coatings services.
Bringing together the services of both businesses, Universal will provide a comprehensive offering integrating specialist coatings, blasting, scaffolding and rope access to customers responsible for naval defense, energy and industrial facilities.
Strategy to Accelerate Growth
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Following two years as supply chain partners, it is the natural next step for Denholm Industrial Services to become a co-owner of Universal Coatings,” said Steve Hill, managing director of Denholm Industrial Services.
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Formalizing our relationship will enable stakeholders of both businesses to benefit from our enhanced size and scale, as well our shared ethos of service excellence, delivered through world-class skills and experience,” continued Hill.
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Tees Valley has an exceptional reputation for its industrial capabilities, with forward-thinking companies, like Universal Coatings, building on the area’s heritage, which has evolved to support cutting edge sectors including marine defence, energy and industrial assets,” added Hill.
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As co-owners with Denholm Industrial Services, we will accelerate growth at Universal. This will enable us to invest in further training and career prospects for our loyal and highly talented team, who always maintains exceptional standards of workmanship on the prestigious projects we deliver,” Bill Scott OBE DL, chief executive of Wilton Universal Group.
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There are strong synergies between Universal and Denholm Industrial Services, both in terms of company ethos and capabilities. Integrating the companies’ services along with Universal’s facilities, services and highly experienced local workforce, is a unique and powerful combination that will benefit customers of both businesses,” added Scott.
Source: J. & J. Denholm