The Cylinder Service Centre and Tyne and Wear Oils, both businesses which are based in the North East of England, are delighted to announce the sale of the businesses to the Benbecula Group, a privately funded group of companies based in Wallsend, Newcastle Upon Tyne.
The Cylinder Service Centre, established over twenty years ago is a highly specialised hydraulic cylinder design, manufacturing and repair business with a strong track record and excellent reputation in the market.
Tyne and Wear Oils, established in 2015, specialises in the provision of high performance, cost effective lubrication and engineering fluid solutions and has experienced rapid growth since being introduced to the market as a subsidiary of Cylinder Service Centre.
The move greatly strengthens Cylinder Service Centre and Tyne and Wear Oils via its new sister companies;, Tyne Gangway, Lift-rite Engineering Services, and TyneTec Engineering which serve the offshore, marine, and engineering sectors.
Lift-Rite Engineering Services which was acquired by Benbecula Group in October 2017, designs, manufactures, inspects, repairs and hires out lifting equipment, whilst offering on-site rigging and mobilisation services.
Tyne Gangway, originally founded in 1934, was acquired by Benbecula Group in October 2017. The company manufactures and designs marine access systems including gangways and accommodation ladders, predominately for the marine industry, with 50 percent of its equipment produced for export.
TyneTec Engineering, a specialised Engineering Consultancy business based in the North East of England, was recently added to the Benbecula Group of companies in June 2018.
As a result of this latest acquisition by Benbecula, which is headed by CEO Ally MacDonald, also Chairman at Tekmar Group, the Group is targeting further growth in existing and complementary markets. The respective management teams will remain and will be utilising the greater group resources to further grow the business.
Gary Davison, Managing Director of Cylinder Service Centre said, “We are delighted to be joining such a progressive and forward thinking group of companies within the Benbecula Group and we are very excited with the opportunities this move presents us to further develop and grow both businesses. We look forward to providing additional services to our existing customers and securing new business opportunities which may not have been previously attainable.”