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Press Release: Restructuring for a New Era within Craig Group

Press Release: Restructuring for a New Era within Craig Group

We are announcing today that North Star Shipping has been acquired by Basalt Infrastructure Partners. The existing senior management team, staff and crew of North Star will remain with North Star, under the new owners.

The opportunity arose to secure the long-term future of North Star Shipping under new ownership who could bring even more opportunity for further investment and growth. Given our rich maritime heritage, this is not a decision we have taken lightly, but it is one which makes sense for the Craig family and for the future development of North Star.

Craig Group will continue to own and manage our global oilfield procurement business, Craig International, and our golf retail outlet and driving range, Kings Links.

I'm confident that the Craig Group is entering a new era which will present the next generation with some new and exciting opportunities.

Please be assured that it is business as usual for all Craig International's and King’s Links staff, clients and suppliers and we remain committed to growing and investing in both businesses.

I look forward to continuing to work with our staff to develop the opportunities ahead.

Douglas Craig

For further information please contact Zoe Ogilvie of Big Partnership - zoe.ogilvie@bigpartnership.co.uk

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