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A Belfast-based company has taken over a global marine business in a £31 million (€35.7 million) deal, the Belfast Telegraph reports.
Survitec Group Limited, based in Dunmurry, has acquired Cosalt Marine, a worldwide supplier of liferafts, lifejackets and survival suits with clients such as the RNLI and P&O Ferries.
Cosalt joins an already bustling portfolio of brands in the Survitec Group, including DSB and Beaufort, as the rebranded Survitec Service and Distribution Ltd.
The company's 450 staff will join the more than 1,000 already employed by Survitec, which operates across the UK and Europe.
The Belfast Telegraph has more on the story HERE.

A Belfast-based company has taken over a global marine business in a £31 million (€35.7 million) deal, the Belfast Telegraph reports.

Survitec Group Limited, based in Dunmurry, has acquired Cosalt Marine, a worldwide supplier of liferafts, lifejackets and survival suits with clients such as the RNLI and P&O Ferries.

Cosalt joins an already bustling portfolio of brands in the Survitec Group, including DSB and Beaufort, as the rebranded Survitec Service and Distribution Ltd.

The company's 450 staff will join the more than 1,000 already employed by Survitec, which operates across the UK and Europe.

The Belfast Telegraph has more on the story HERE.

Published in News Update

About Warrenpoint Port

The Original Port of Warrenpoint was constructed in the late 1770s and acted as a lightering port for the much larger Port of Newry.

Following the demise of Newry Port Warrenpoint Harbour Authority was created as a Trust Port by legislation in 1971. The modern Port was completed in 1974 when it covered 28 acres. Since then the port has expanded to its current size of approximately 53 Acres. The Authority has just completed a £22 Million capital infrastructure project (under the terms of a Service of General Economic Interest with the Department for Regional Development) that includes, the construction of a 300 Metres of Deep Water Quay (7.5 Metres C.D), new Ro-Ro berthing facilities, additional lands and covered storage facilities and a new 100 Tonne mobile crane.

  • Warrenpoint Port is the second largest port in Northern Ireland and the fifth-biggest on the island of Ireland.
  • Warrenpoint Harbour Authority was created as a Trust Port by legislation in 1971.
  • In 2018, the value of goods moving through Warrenpoint Port was £6.5 billion. The Port handled 3.56 million tonnes in 2017, increasing to 3.6m in 2018.
  • The port employs 70 staff directly and supports over 1,500 in the local economy.
  • In addition to serving the markets in Great Britain and the Republic of Ireland, the Port deals with imports and exports from countries and regions across the world including to Spain, Italy, Sweden, Belgium, Germany, Ukraine and the Americas.

 

At A Glance – Warrenpoint Port

  • Warrenpoint, Newry BT34 3JR, United Kingdom Phone: +44 28 4177 3381

     

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