Cleveland Bridge collapse | Potential suitors tipped to acquire troubled steel specialist
Construction firms in the UK and overseas will be eyeing up a move for Cleveland Bridge, according to market analysts. Keltbray, JRL Group, Morrisroe or even a Chinese construction firm could be lined up as prospective buyers for the troubled specialist steel contractor, according to construction finance specialist DRS Bond Management director Chris Davies. The firm, founded in 1877, appointed Martyn Pullin, David Willis, and Iain Townsend of specialist business advisory firm FRP as joint administrators on Thursday morning. Staff had been informed of potential job losses on Wednesday and told...
Source: newcivilengineer.com