Full steam ahead for Robey-Wellman Boilers14 October 2014

Industrial boiler and furnace manufacturer Wellman Group is now Robey-Wellman Boilers and Furnaces, following a management buyout.

The MBO at this historic Oldbury-based company was led by directors Steven Price, Leigh Bryan and Peter Gibbs, with £750,000 of funding.

Wellman Group called in the administrators during this summer (2014) after a dispute with an international supplier could not be resolved despite 18 months of planning and negotiations.

The business continued to trade for four weeks until the MBO was finalised.

"We are now one company and focused on moving full steam ahead, building on the long heritage we have here and also looking to invest in both R&D and engineering talent as we progress," comments Gibbs.

"However, what remains unchanged is Wellman's commitment to excellent customer service," he continues.

"Our priority is to make sure our customers and potential customers are informed and engaged in what has happened in recent weeks, and reassure where needed that the company is already up and running and operating effectively."

"We are delighted that 55 jobs were secured by this MBO, and as we grow and invest in our products and services, we have no doubt that we will be looking to recruit the next generation of talent to contribute to another successful 150 years of Wellman engineering excellence," adds Bryan.

Wellman's customers range from industrial steel processing giants such as TATA Steel to NHS Trusts, with more than 80% of recent PFI projects at NHS hospitals across the UK opting for Robey-Wellman boilers.

Brian Tinham

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Wellman Thermal Services Ltd

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