Severn Glocon is one of the biggest manufacturers of control valves for the oil and gas industry, and employs over 900 people worldwide, including 370 in the UK. The independent UK-based company, with manufacturing locations in Gloucestershire, Yorkshire and Chennai, and service operations globally, now has a fully funded growth plan that will build on its heritage - and customer and supplier base - to take quality and reliability to the next level.
Severn Glocon founder Maurice Critchley steps into a non-executive director role and remains an investor in the company, alongside Blue Water Energy. As well as knowledge of the industry, Blue Water Energy will provide capital for the ambitious five-year growth plan, allowing Severn Glocon to move forward with a positive balance sheet and ample financial support.
Christopher Powell will continues in his role as chairman.
Critchley says: “Having created an excellent global manufacturing business over the past 30 years, I’m pleased to see it in good hands and look forward to supporting our new CEO, Colin Findlay, and Blue Water Energy in taking Severn Glocon to the next level around the world.”
Findlay adds: “Our development plans are now in place and backed by Blue Water Energy. We’re confident that our markets are strong and Severn will continue to punch above its weight with specialised products in all of its core markets.”
Having worked at Severn for the past 14 years, Findlay is also chairman of the British Valve and Actuator Association (BVAA).
Blue Water Energy director Salil Oberoi says: “Blue Water Energy brings a wealth of experience in growing energy related companies, and we share the same ambitious growth plans for Severn Glocon as Colin and his team. We are also grateful to have Maurice Critchley in his new advisory role on the board and the experience he brings.”
