April 17, 2018, 1:09 pmUpdated: April 17, 2018, 2:26 pm
The future of Burntisland Fabrication (BiFab) has been secured through investment by a Canadian firm for its yards at Methil and Burntisland in Fife and Arnish in the Western Isles.
Announced by first minister Nicola Sturgeon this afternoon, Canadian company JV Driver, through its subsidiary DF Barnes, has acquired BiFab as part of an agreement brokered by the Scottish Government.
DF Barnes said that the firm would provide “expertise and financial security” to BiFab.
As part of the agreement, the Scottish Government will take a minority shareholding in the new company to demonstrate continued commitment to supporting the future of the yard.