Aubin secures £2.25 million investmentCompany News // February 14, 2013
Aubin, a UK-based supplier of specialist chemicals to the energy industry, has received a growth capital investment of £2.25 million from investor Business Growth Fund (BGF), established to help the UK’s growing small and medium-sized businesses.
Aubin supplies chemicals and compounds to the subsea industry, specialising in innovative and efficient solutions for buoyancy as well as pipeline cleaning and repair. The investment will assist Aubin in further research and development of its patented gel products, including DeepBuoy, and with its international expansion plans.
Paddy Collins, Managing Director of Aubin, said: “We are delighted with this investment, and look forward to the future with this funding. With this additional capital, we will be able to accelerate our R&D focus to create new bespoke subsea solutions for the industry.
“I am happy to be working in partnership with BGF and securing this investment is a vote of confidence in the team at Aubin and the work we are doing. January 2013 was the best month in our company’s history, and this investment will help us build on that momentum and continue to offer a variety of innovative products and solutions to the marketplace.”