Multi-disciplined design, engineering and manufacturing company Balmoral has taken a substantial stake in ACE Winches by investing £10 million in the Turriff-based company.The investment should strengthen and grow ACE Winches’ position as mooring, lifting, pulling and deploying solutions provider.Both companies have seen success on the global stage and between them hold five Queen’s Awards for International Trade. However, since the beginning of the oil price slide in 2014 manufacturing business has slowed for ACE Winches and the company has restructured to optimise global rental opportunities.With the new investment ACE is eyeing opportunities to expand its equipment hire business on a global basis.Jim Milne, chairman and managing director at Balmoral Group, said: “Without doubt the offshore industry is changing but with that change comes opportunity.”“ACE Winches has built a very strong reputation for providing world-class deck machinery and lifting solutions and we recognise the potential in the company. Our aim is to help them achieve greater market share on the world stage by identifying and advising on new markets.”Alfie Cheyne, CEO and founder of ACE Winches, added: “Both ACE Winches and Balmoral Group have extensive experience of opening up new markets. We see the renewables and decommissioning sectors, in particular, offering strong growth potential both in the immediate and longer term.“With the combined efforts and expertise of both teams we are confident we can grow the ACE business and brand sustainably and look forward to a mutually beneficial relationship with Balmoral Group.”Jim Milne joins the ACE Winches board as non-executive chairman and Balmoral’s finance director, Bill Main, also joins as non-executive director.
UPDATED: May 9, 2017 at 12:48 a.m.At the end of every sports season, there’s an award ceremony. With the Syracuse academic year coming to a close, The Daily Orange sports staff wanted to hand out its own awards, decided on by the readers.There will be five categories to vote on: Best Transfer, Best Team, Best Moment, Rookie of the Year and Most Valuable Player. One poll will be sent out every day on Twitter (@DOsports) and will be open for 24 hours, giving readers a full day to vote and pick the winner. The Daily Orange sports staff considered multiple options for each category before settling on the four in each poll.Here were the nominees, listed in alphabetical order by last name, for Most Valuable Player.Tony D. Curtis | Staff PhotographerAdvertisementThis is placeholder textAmba Etta Tawo: FootballEtta-Tawo — the winner of the Best Transfer award — left Maryland to spend his graduate year at Syracuse. He took the school, and the country, by storm. Etta-Tawo broke the single-season school records for receptions (94) and receiving yards (1,482, also eighth best in the country) and tied the record for touchdowns (14).Courtesy of the ACCJustyn Knight: Men’s Cross Country / Track & FieldKnight built on his already impressive resume in 2016. He finished second overall in the cross country national championship, leading SU to a third-place finish. The junior also finished first in the ACC championship, and won his second-straight ACC Performer of the Year award. He’s also excelled on the track, winning both the 3,000 meter and 5,000 meter indoor races at the ACC championships. On Saturday, Knight ran the world’s fastest time in the 5,000 meter race Payton Jordan Invitational.Jordan Phelps | Staff Photographer*Winner* Sydney O’Hara: SoftballO’Hara had always been one of Syracuse’s best players, but she took her level of play to new heights in her senior campaign. Her .480 batting average led the NCAA and shattered the old school record for single-season batting average. She was a dominant as a pitcher as well, mostly in relief. She pitched 69.2 innings, maintaining a 1.81 era while striking out 125 batters and only allowing a batting average against of .194. She’s also the career leader in saves, with 13.Evan Jenkins | Staff PhotographerAlexis Peterson: Women’s BasketballPeterson grew into a star during Syracuse’s run to the national championship game in 2016. That carried over into this season as she led the Orange to a 22-11 record. She was first in the conference in points (23.4) and second in assists (7). She was named the ACC Player of the Year, the first player in program history to win a conference’s player of the year award. She went out with a bang in the final game of the season too, a loss to No. 1 Connecticut, scoring 25 points. Peterson finished her career second in points (1,978) and first in assists (590). Comments Published on May 7, 2017 at 5:50 pm Facebook Twitter Google+