05 June 2000
Management at Cleveland Bridge, the steel fabrication and bridge building business in the UK and Malaysia, has completed a US$12.3 million buy-out from parent company, Kvaerner. Chief executive officer, Tony Rae, said the new management team was looking forward to maximising the business potential and building on the respect and reputation Cleveland Bridge has in the industry. It has won a contract to build the first new American suspension bridge in 30 years over the Carquinez Strait, San Francisco, and has also been involved in other major projects including Sydney Harbour Bridge, Australia; Humber Bridge, UK, and more recently the Jiangyin suspension bridge, China. The team has also negotiated to acquire Cleveland Bridge & Engineering Middle East based in Dubai.