More than 80 jobs have been saved at an Aberdeen-based environmental services firm after it went into administration.
MS Industrial Services (MSIS) has been bought by Inverurie-based specialist cleaning firm Denholm MacNamee in a pre-pack deal achieved by administrators from Johnston Carmichael .
The accountancy firm had been called in after MSIS, which worked in sectors including energy, distilling and construction from bases at Invergordon and Aberdeen, failed to secure additional funding to overcome “challenging trading conditions and cash flow pressures from overseas expansion” following the recent oil & gas downturn.
Richard Bathgate, joint administrator and restructuring partner at Johnston Carmichael in Aberdeen, said: “We are very pleased to have concluded the sale of the business and assets to Denholm MacNamee, as this will provide the best outcome for the company’s creditors, customers and skilled workforce."
Michael Beveridge, chief executive of Denholm Oilfield Services said: “We are delighted to have acquired the business and assets of MSIS, which brings complementary skills and geographies to our existing industrial cleaning business."
