More than 400 jobs saved
Keltbray rescues collapsed concrete firm Dunne
Dunne Group which was involved in building the Queen Elizabeth University Hospital in Glasgow (pictured) went into administration, putting 524 jobs, including 200 in Scotland, at risk.
Keltbray will take on most of the employees and acquire Dunne’s plant and equipment from administrators at FRP Advisory. The deal also includes the former yard and head office in Bathgate.
It said it viewed the acquisition as an opportunity to broaden its capability and services portfolio, widen its geographical reach and to respond to market demands.
Tom MacLennan, partner at FRP said: “We have been delighted with the response of the contracting industry to the administration of the Dunne Group, and estimate that since our appointment over 400 former staff have now found new employment.”
Keltbray has a turnover of £270 million. It recently expanded its service offering into rail work and piling and this deal moves the firm into the mainstream concrete structures market.
Dunne had built up a strong reputation delivering major office basement and core work in the capital as well as concrete frames on high-rise housing blocks.
Dunne’s portfolio of contracts also included 100 Bishopsgate and One Blackfriars in London. It also worked on the Glasgow Transport Museum. Turnover last year was £74m.
Most of Dunne’s existing contract work has been taken on by other contractors such as Byrne Bros and Getjar.
Sir Robert McAlpine said last week it would complete the construction of the Maggie’s Centre at Forth Valley General Hospital which was put on hold following Dunne’s collapse.