Peterhead crane expansion

PETERHEAD Group, formerly World Fluids, has acquired the independent mobile crane hire company, Refinery Crane Plant Services (Killingholme) Ltd, of Immingham, Humberside, in Britain. The cash consideration of £534,000 was paid from existing resources. Refinery Crane Plant Services, and its wholly owned subsidiary, RCPS (Crane Hire) Ltd, had pre tax profits of £124,000 sterling on turnover of £2.4 million, in the year to August 31st, 1996. At that date the companies had aggregate net assets of £333,000.