St. John’s-based DF Barnes made a major splash in the international business community by finalizing the purchase of Scotland’s Burntisland Fabrication (BiFab), a leader in the United Kingdom oil and gas industry and renewable sectors.
“Scotland is an admired world leader in the offshore oil and gas and renewables sectors and we are excited to now have such a major presence in these industries in Scotland,” DF Barnes chief operating officer Jason Fudge wrote in a statement.
Added Sean Power, vice-president of business development, “To have a Newfoundland company make such a large acquisition in Scotland, with a fully developed offshore oil and gas industry, is an indication of how the (Newfoundland and Labrador) industry has matured, which is a point of pride for us.”
Power says they will work with management and union reps in Scotland “to ensure continuity” for the company’s employees.
BiFab is the largest fabrication company in Scotland, with facilities in Methil, Burnt Island and Arnish. DF Barnes says the acquisition should add strength to the company’s negotiations with Nalcor on leasing the Bull Arm site.
