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Peel Ports in at Great Yarmouth

December 16 - Peel Ports Group has completed the acquisition of Great Yarmouth Port Company Limited (GYPC) from International Port Holdings for an undisclosed sum.

GYPC is a leading UK port servicing the UK sector of the southern North Sea offshore oil and gas industry and has other activities including the handling of bulk and general cargoes.

Mark Whitworth, chief executive of Peel Ports said: "GYPC will complement Peel Ports core ports business by providing both geographical and commercial diversification. It is a very welcome addition to our business portfolio.

"Bringing together customers and commodities served by both businesses will present a sound base for exploring future growth opportunities. This includes decommissioning, where GYPC's market position has the potential to further enhance Peel Ports existing strategic assets."

 

The UK port of Great Yarmouth.

 

www.peelports.co.uk

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