Strategic change

Details

Published on Thursday, 12 January 2012 17:02

InterDam Merford - the specialist supplier of blast- and fire-resistant doors and walls - has undertaken a strategic demerger to provide customers with greater clarity in both its service offer and accountability.

'InterDam-Merford B.V.' was formed in 2007 when InterDam and Merford - two long established and trusted companies, joined forces to capitalise on the considerable expertise and resources of both organizations. Investing equally in the new entity, the companies retained a clear focus on their individual markets.

Varying regulations, accreditations and certifications apply across the two industries and this, coupled with a need for greater clarity in the ownership and ultimate accountability of the company, led to the recent realignment exercise. Having listened closely to its customers, the decision was made to restructure the business. InterDam purchased Merford's shares outright and is now the sole shareholder, with InterDam Holding the parent company.

The two companies will continue to work closely together, with Merford as the key manufacturing and production arm of the alliance. InterDam - which owns the certification of its products - will be wholly responsible for the fire- and blast-resistant doors and walls that it provides to the oil and gas industry. Both companies will continue to collaborate on technological developments and industry initiatives.

Managing Director of InterDam, Berend Groeneveld said: "This is a win-win scenario for both companies, allowing a much clearer definition of our respective roles and responsibilities. We have enjoyed an excellent relationship with Merford over the last five years and look forward to continuing this into the future. This positive step forward allows us to focus on our strengths and opportunities".

Merford Managing Director André Hameete commented: "Merford fully supported the move to demerge the two companies financially whilst continuing to collaborate operationally. A lot of synergies still exist across both companies and the recent realignment opportunity provided us with a favorable return from our original investment".