rss icon Subscribe
desktop mobile

Balmoral Group sells ACE Winches shareholding to former CEO Alfie Cheyne

(Photo: ACE Winches)

Balmoral Group sold its shareholding in ACE Winches to a company led by ACE's founder and former CEO Alfie Cheyne.

As part of Balmoral's share purchases in 2017 and 2019 the Cheyne family had an option to buy back Balmoral Group's investment and the deal confirmed today is in line with this agreement. Jim Milne, Chairman and Managing Director of Balmoral Group said: "We have enjoyed working with the management and staff of ACE Winches and wish them all the best for the future."

Cheyne said, "Balmoral has been incredibly supportive to ACE Winches over the last few years and has positioned the business well for continued growth. "I look forward to an exciting new chapter ahead in the development of the business."

Nov 11, 2021

 QRCode for link to Balmoral Group sells ACE Winches shareholding to former CEO Alfie Cheyne story
 

Marine Equipment

Wärtsilä Launches EEXI Power Limitation Solutions

(Image: Wärtsilä)

The technology group Wärtsilä has launched a new series of power limitation solutions that enable

Volvo Penta to Power Hurtigruten Hybrid Vessel

(Image: Hurtigruten)

Hurtigruten Svalbard said it has teamed up with Volvo Penta to test a new hybrid vessel that will

MAN Upgrading Four-stroke Engines for Green Future Fuels

(Image: MAN Energy Solutions)

In continuously developing the range of services for its portfolio of four-stroke engines

Deck Machinery

MacGregor to Equip MBARI's New Research Vessel

(Image: Glosten / MBARI)

MacGregor, part of Cargotec, said it has been taped to deliver a suite of overboard handling

PACCAR Winch Recognized for Commitment to Veterans

(Photo: PACCAR  Winch)

PACCAR Winch has been recognized locally and nationally for their ongoing commitment to providing

DMW Marine Group Appoints South America Rep

DMW Marine Group said it has appointed Proxima Innovation as its representative to handle business in Brazil and Latin America. Within the first month of the business relationship