Demolition specialist Keltbray buys stricken Dunne Group
Keltbray Group has confirmed its acquisition of reinforced concrete specialist Dunne Group, which entered administration last month with the loss of more than 500 jobs.
The move will see the engineering, construction and demolition firm buy Dunne’s plant and equipment and take on the majority of its staff. The purchase deal also includes the former yard and head office for the group in Bathgate.
Confirming the deal with administrator FRP Advisory, a Keltbray spokeswoman said: “Keltbray Group has acquired some of the assets of Dunne Group from the Administrators after Dunne Group went into administration in July. This purchase includes the former yard and head office for the Group at Bathgate in Scotland, as well as plant used for the construction of reinforced concrete structures. Keltbray sees this as an opportunity to broaden its capability and services portfolio, widen its geographical reach and to respond to market demands.”
Most of Dunne existing contract work has been novated and has not been included in the deal.
Last week Sir Robert McAlpine revealed it would complete the construction of the new Maggie’s Centre at Forth Valley General Hospital which stalled for a month following Dunne’s collapse.
Keltbray employs more than 1,000 people and has a turnover of £270 million.