MBO at Lamberton

Lamberton Engineering of Coatbridge, Lanarkshire, designer and manufacturer of heavy engineering equipment, which went into receivership in 1992, has been bought out by its managers. It has investment from British Steel (Industry), Clydesdale Bank, Lanarkshire Development Agency and the Scottish Office. Turnover is more than £2.5m a year.

Lamberton Engineering of Coatbridge, Lanarkshire, designer and manufacturer of heavy engineering equipment, which went into receivership in 1992, has been bought out by its managers. It has investment from British Steel (Industry), Clydesdale Bank, Lanarkshire Development Agency and the Scottish Office. Turnover is more than £2.5m a year.