Clyde Bergemann Power Group, part of Glasgow entrepreneur Jim McColl's Clyde Blowers engineering empire, has secured a refinancing facility with Lloyds Banking Group worth $117 million (£72m) to fund its continued international growth.
The new facilities, which include senior debt and working capital, will enable CBPG to continue expanding in markets across Europe, North and South America, Asia and Africa.
Based in East Kilbride, CBPG is a world leader in boiler-cleaning technologies, enabling major operators of coal and gas-fired power stations to achieve greener and more cost-efficient operations.
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