Buyer found for Carbon Dynamic
A buyer has been found for Highlands construction firm Carbon Dynamic which went into administration last month.
Around 40 jobs were on the line after the Invergordon-based sustainable modular buildings manufacturer succumbed to “challenging conditions and significant cashflow difficulties”.
Administrators KPMG said the business and assets have now been sold to a new firm set up by Alness-based construction firm Pat Munro.
The new company is called Carbon Dynamic (Scotland) Ltd.
Blair Nimmo, joint administrator and head of restructuring at KPMG in Scotland, said: “It is extremely pleasing to secure the sale of Carbon Dynamic in such a short timeframe, and to buyers who can see the potential in the business and its skilled workforce. The sale has achieved a good outcome for many stakeholders and we hope it will benefit the local area.
“We would like to thank the retained employees, customers, and all parties with an interest in Carbon Dynamic, including various government agencies, for their patience and support during this period.
“We would also like to wish Pat Munro and Carbon Dynamic (Scotland) Limited every success for the future. As new owners they have an ambitious vision to build on Carbon Dynamic’s reputation for cutting edge design and manufacture of eco-friendly modular buildings, re-employing a number of Carbon Dynamic’s former staff and contributing to the diversity of the economy in the Scottish Highlands.”
Brian Munro, managing director of Pat Munro, added: “Pat Munro management and staff have long been aware of the innovative and high-quality products that CLDB offered to the modular building sector.
“We collaborated in previous successful projects and were very saddened to learn of the financial situation which threatened the future of 42 important local jobs. As such, we are delighted to add Carbon Dynamic (Scotland) Ltd to the Pat Munro Group and we are committed to continuing, and enhancing, their superb progress to date.”