Dominion Gas, the Aberdeen based supplier of industrial gases to the offshore industry, has announced its first major investment contract since the company’s management buyout earlier this year, devoting £2.3m to NORRIS Cylinders.
The deal with one of the world’s largest manufacturers of large high pressure and acetylene cylinders comes as part of a £4.5m investment plan in new equipment.
Bought out by the management team, chief executive George Yule and fellow directors Gerry Stephens, Paul McAlister and recently appointed finance director Bryan Park, with backing from private equity firm Graphite Capital, Dominion is the only Scottish-based industrial cylinder gas specialist supplying the full range of diving, welding, industrial, laboratory, test and calibration gases.
Dominion chief executive, George Yule, said, $quot;The whole team at Dominion is very focused and excited about the growth potential and the future of the company. The first step in our growth strategy is to invest in new equipment, which will aid our rapid international expansion plans.$quot;
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