A buyer has been announced for the troubled BiFab business.
The administrator of Scottish manufacturing company Burntisland Fabrications Limited said today it has confirmed the sale of the business and assets to Harland & Wolff (Methil) Limited, a subsidiary of Infrastrata Plc.
BiFab has sites in Fife and the Isle of Lewis and entered administration in December, two years after a deal in which Canadian firm DF Barnes acquired the business for the sum of £4.
The Scottish Government invested £37 million in the company and became a minority shareholder.
Lack of ‘transparency’ fears over Scottish Government bailing out BiFab
Gavin Park, restructuring director at Deloitte, said: “We are pleased to have agreed a sale of the business and the majority of the assets of BiFab to Infrastrata.
“This includes the transfer of all employees and licenses to occupy sites in Methil and on the Isle of Lewis. We wish them every success in the future.”
Chocolatier in switch to Port Edgar
Portobello-based Coco Chocolatier has revealed major expansion plans which will see it create a manufacturing facility and visitor centre at a new base in South Queensferry.
The chocolate maker is making the move to Port Edgar Marina after steady growth in the last seven years, which has led it to outgrow its current premises.
Regeneration leader urges towns to grasp a new vision for the future
Failing shopping centres should be seen as the “one big opportunity” to revitalise struggling town centres around Scotland.
That is the view of Alan Anthony, managing director of Threesixty Architecture and Scottish chairman of place-making consultant Revo, who is spearheading an ambitious masterplan to regenerate Paisley town centre.
You can now have the bulletin and the top business news stories sent direct to your email inbox twice-daily, and Business Week for the weekly round-up on Sunday: