W&O Supply acquired by Middleground Capital

Speaking to Tanker Shipping & Trade, W&O Supply general manager Europe, Kristof Adam explained what the acquisition means for customers, “The entire W&O sales, management and operational structure will remain exactly the same under the new ownership, so customers will be supported and serviced in the same way as before. MiddleGround has acquired W&O as they recognised our strong performance over the years and want to support our future growth initiatives. MiddleGround’s direct experience as both operators and investors within manufacturing and specialty distribution business models will help support W&O’s ambitions.”

Explaining how the new investment will impact W&O, he said, “With the support of MiddleGround’s experienced operations group, W&O will focus on customer service, delivery efficiency, and strengthening stock management. We will also focus on expanding W&O’s product groups to our portfolio. Building our specialist knowledge is key to our growth and we will focus on ensuring we continue to provide our customers with first-class support for their valves and other marine products. These expanding opportunities will also benefit our employees through career advancement.”

Register here for the Tanker Shipping & Trade Conference, Exhibition & Awards in Athens, Greece 9-10 November 2022.