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Keltbray launches new business after Dunne acquisition

The business – Keltbray Structures – is hoped to “complement and expand” the group’s existing portfolio, Keltbray chief executive Brendan Kerr has said.

The move will see Keltbray managing director John Price become the CEO of Keltbray Structures, with Dunne Group boss Gordon Dunne supporting Mr Price as the company’s new MD.

Keltbray Demolition & Civil Engineering deputy managing director Andy McClafferty will become the group’s new chief operating officer.

Mr Kerr said: “Prior to going into administration, Dunne Group was a leading company in its field and enjoyed a strong reputation as a reinforced concrete frame specialist contractor.

“We believe that Keltbray will benefit from tapping into their capability and this acquisition of some of their assets.”

He added: “With our financial resources behind it, I believe there is considerable scope for increasing the service offering and profitability of our business through this development, and give us a better geographical reach to other parts of the UK, including Scotland.”

Keltbray completed the acquisition of some of Dunne’s assets earlier this week from the administrators FRM Advisory after the latter went into administration in July.

This purchase includes Dunne’s former yard and head office at Bathgate in Scotland, as well as plant used for the construction of reinforced concrete structures.

Keltbray has not taken over Dunne Group as a going concern, or taken on any of its former contracts with clients, by acquiring some of the Dunne Group assets.

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BDC 318 : Jul 2024