Cosalt announces new wire rope partnership with Bridon International

20 May 2009

Cosalt, a leading provider of critical safety equipment and services for the Offshore Oil & Gas and Marine industries, has signed a partnership agreement with Bridon International Ltd, a specialist wire rope manufacturer, to develop and expand their existing Aberdeen-based wire rope business servicing the UK North Sea Offshore Sector.

The new partnership, which will commence on 8 June 2009, will see the amalgamation of Bridon and Cosalt's distribution facilities in Aberdeen and will result in a market-leading service and distribution centre able to provide a world class range of wire rope products and associated services.

Both companies have enjoyed long-established and market-leading positions in the UK Oil & Gas market and this new partnership is as a natural progression that will significantly strengthen the presence of both companies in region.

Mark Lejman, Chief Executive of Cosalt, commented:

"We are delighted to be announcing this partnership with Bridon. We see the combination of Bridon's very strong reputation for rope manufacturing and our extensive range of safety services to the UK Offshore market as a massive opportunity to extend further our activities with our customers in the North Sea. This move further consolidates our very strong position in the UK Oil & Gas market."

David Onachilla, Bridon's Sales & Marketing Director commented:

"We at Bridon are very excited about this opportunity, and we are confident that our new partnership with Cosalt will improve our ability to serve the offshore oil & gas market in the UK North Sea region.   We believe the combination of Bridon's rope making expertise and Cosalt's ability to provide inspection, maintenance and service will be a very powerful combination that will create significant value for our customers." 

20 May 2009 

ENQUIRIES: