ACE Winches Gets Additional Balmoral Boost
- Business & Finance
Balmoral recently made a seven-figure investment in ACE Winches which will be used to strengthen ACE’s equipment fleet.
The investment follows Balmoral’s previous boost of some £10 million at ACE Winches in 2017, aimed at expanding its international reach in the offshore heavy lifting, renewables and decommissioning markets.
Jim Milne, chairman and MD of Balmoral Group and chairman of ACE Winches, said: “There are huge opportunities as the global energy market recovers from the recent downturn and we are pleased to be able to assist ACE with their growth plans.”
“There is a highly committed and skilled team in place at ACE and we have every confidence that by working ever more closely with them we can significantly strengthen their market position.”
Both companies are privately owned and have experienced overseas success that has been recognised in the shape of five Queen’s Awards for International Trade between them.
Alfie Cheyne, CEO at ACE Winches, said: “We are grateful to Jim and the Balmoral team for their ongoing interest in ACE Winches and look forward to working with them to deliver even more technologically advanced equipment and heightened service levels to our valued client-base worldwide.”