117 more nmcn jobs saved as infrastructure business sold
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Engineering and construction company, Keltbray, has agreed a deal with administrators Grant Thornton to buy the infrastructure business of Huthwaite-based nmcn, which slumped into administration last week.
The deal will save 117 former nmcn jobs.
The acquired contracts will be managed within Keltbray’s existing infrastructure division, reporting to managing director, Phill Price.
Keltbray CEO, Darren James, said: “Keltbray are pleased with the ‘on strategy’ opportunities presented by the acquisition of these contracts, working with clients on some of the UK’s most important infrastructure projects. Today’s announcement accelerates our plans to build a resilient, growth-oriented business. Equally important, we have also safeguarded 117 valuable jobs and livelihoods that could otherwise have been lost to our industry.
“The acquisition has required a very rapid, but collaborative approach, and Keltbray would like to thank all parties for their proactivity throughout. I look forward to working with my new colleagues as we build a rewarding future together as one Keltbray.”