Nuun and 2pure partners from April 2021

2pure is excited to announce our partnership with Nuun. We will work together to further develop and build the market-leading hydration brand in the UK and Ireland.

Nuun CEO, Kevin Rutherford had this to say; “We’re so excited to join forces with 2pure to expand our impact and inspire more muuvment through better hydration in the UK and Ireland.

George Bowie, Founder of 2pure added: “Having always admired Nuun for their pioneering work in developing the hydration category, it is a real privilege to get the opportunity to work with the brand. We are excited by the challenge of educating the consumer on the benefits of Nuun, to drive the demand not just for sport, but for improving hydration and wellbeing in everyday life.”

2pure’s multi-channel distribution model across Cycle, Run, Outdoor, Grocery and Pharmacy provides the expertise and relationships to continue the mission of Nuun to keep everyone as hydrated as possible.

Nuun is a company dedicated to keeping you hydrated as humanly possible. They began as the first company to separate electrolyte replacement from carbohydrates. Over a decade later, Nuun Hydration is hydrating the planet one runner, cyclist, climber, mother at a time- the list goes on, join us!

Nuun has become a key product for more and more people in the UK, and 2pure is excited to expand the UK product offering and growth into new marketplaces, including offering a direct-to-consumer platform for the UK which launches in early May 2021.

2pure will reach out to all current Nuun stockists to offer support during the distribution transition. For trade enquiries and if would like to become a stockist, please contact our sales team.

AAC Clyde Space acquires Swedish space company Omnisys instruments

AAC Clyde Space announces that the Company has entered into a conditional agreement for the acquisition of the privately-owned Swedish company Omnisys Instruments AB (“Omnisys”), a leading developer and manufacturer of measuring instruments for advanced space projects (the “Acquisition”).

The purchase price amounts to approximately SEK 75 million, where SEK 25 million is paid in cash and approximately SEK 50 million is paid through 17,340,100 newly issued consideration warrants in AAC Clyde Space. The completion of the Acquisition of Omnisys is, inter alia, conditional on the issue of the consideration warrants being approved at an extraordinary general meeting.

Gothenburg based Omnisys, develops and manufactures measuring instruments for advanced space projects. Omnisys has 20 years of experience developing profitable high-performance electronics hardware, including world-class sensors. Omnisys has a proven track record developing sensors for weather data in order to create reliable weather forecasting and data for climate research. Several interesting areas within AAC Clyde Spaces growth plans including Space Data as a Service offerings.

Among Omnisys customers are ESA, Airbus Defense & Space, the Swedish Space Agency, as well as a wide range of commercial companies in Europe and the USA. Omnisys is renowned for complex problem solving and innovation. Omnisys has recently developed a new type of microwave-based sensor that provides weather data with superior quality, which has gained strong interest from both public and private customers.

In 2020, Omnisys generated revenue of SEK 34.9 million and EBITDA of SEK 1.9 million. Omnisys currently has an order book valued at SEK 133 million, and AAC Clyde Space had, per 31 December 2020, an order book valued at SEK 156 million.

Earlier in March, Omnisys was awarded a EUR 12.2 million (SEK 124 million) contract to supply Microwave sounding sensors to the ESA project Artic Weather Satellite (AWS). AAC Clyde Space is the intended provider of avionics systems to the same contract. This is the pilot project, laying the path to a potential next phase, a constellation of 16 satellites.

“We have tracked Omnisys for several years and have grown increasingly impressed with the quality of the instruments they provide for advanced space projects, among other sensors that will allow us to build constellations that can provide high quality data with great sampling frequency to a data hungry market. An excellent example is Omnisys microwave sounders where we will gain a leading position in space based weather data, a field set to grow strongly as new technology enables dramatically improved forecasts” says Luis Gomes, CEO of AAC Clyde Space.

“We are delighted to be joining the AAC Clyde Space group at this exciting stage of our development. The combination of our advanced sensor technology with AAC Clyde Space’s leading capabilities in small satellite design, manufacture and deployment offers exciting opportunities to a fast growing and truly global market. Our track record in providing sophisticated sensors will allow the group to gradually open up new market segments in need of data from space” says Martin Kores, Managing Director of Omnisys.

2pure raises over £10,000 for sport in mind through red January participation

2pure are thrilled to announce we have raised a total of £10,455.12 for Sport in Mind. As a company we participated in RED January, where everyday we got out of the house for 30 minutes of exercise, raising our heart rates and enjoying the great outdoors.

George Bowie, MD at 2pure, said “With our goal set to £2,000. The incredible show of support from our friends and family, suppliers, customers and colleagues helped us reach over £10,000 in donations for a fantastic charity, Sport in Mind. The response is genuinely humbling. The entire team saw huge benefits in taking some extra time each day to get outside and exercise. Everyone shared how more focused, positive and productive they felt. RED January has been a great way to connect with each other during this difficult time.”

We would like to say a huge thank you to our team for participating, encouraging one another and supporting our fundraising efforts. Without such overwhelming generosity and support we could not have achieved such a life-changing total for an incredible charity.

RED January is a nationwide movement that’s empowering people to get active every day in January, to beat the blues away. They partnered with Sport in Mind this year, a wonderful charity that sets out “To improve the lives of people experiencing mental health problems through sport and physical activity”.

After RED January’s success, we’re encouraging the whole business to continue taking an extra 30 minutes, getting out of the house, enjoying the great outdoors, and breaking a sweat during February.

For more information on RED January head to www.redtogether.co.uk, and to find out more about Sport in Mind head to www.sportinmind.org.

Irish cattle breeders offered the opportunity to utilise in-vitro production (IVP) on commercial scale

The world of cattle breeding is constantly evolving and next month, Irish cattle breeders will hopefully be offered the opportunity to utilise in-vitro production (IVP) on a commercial scale. While the abbreviation IVP may be new to most, many would have heard of IVF (in-vitro fertilisation). IVP is actually the correct name for the whole procedure, with IVF just one step in the overall process.

The IVP procedure has taken place on Irish soil already, but never at a large-scale commercial level, with work undertaken on farms. Having worked in the cattle breeding sector over the last decade specialising in reproduction techniques, vet Paddy Buckley spotted a gap in the market.

With Paddy’s experience growing and Ireland still not offering bovine IVP, the decision was made to start the new venture, AB Ireland. This new company will be headed by Buckley, but will also include a further two team members, including trained vets and veterinary nurses who specialise in embryology.

“It has been an ambition of mine always to bring the technology back to Ireland. The lab is now fitted in Carrigaline, we’re just waiting on the final approval from the Department, but we hope to be operational by March.”

Read the full article in the Irish Farmers Journal

Coros wearables teams up with 2pure to lead brand & sales strategy in UK & Ireland

Coros Wearables teams up with 2pure to lead brand & sales strategy in UK & Ireland, effective on 1st September.

Dan Suher, Director, Global Sales & Marketing Coros Wearables has this to say: “Coros has been active in Europe for a few years now and is enjoying success with our performance and ultra-long-lasting endurance watches for runners, hikers and mountaineers. 2pure is in a unique position to provide Coros with specialist channel distribution across cycle, run and outdoors and we are proud to be working with 2pure on our next phase of growth.”

George Bowie, 2PURE Managing Director, added: “Our goal at 2pure is to partner with innovative, disruptive and desirable brands, which Coros delivers head on. We understand the importance of bringing disruptive brands to market to create noise and interest from end users which translates into demand for our retailers. Coros is a solution based brand providing an efficient and intuitive user experience with unique functionality and performance. We are excited to be working with Coros to develop the brand and distribution across the UK and Ireland through our loyal and dedicated retailers.”

Coros products will be in-stock from 10th September, available to order from the 2pure B2B (www.2pureb2b.co.uk).

ABOUT COROS: Coros is a performance sports technology company that helps athletes train to be their best. For COROS it’s all about outdoors, mountains, and a passionate active lifestyle. We combine high grade hardware with innovative technology to provide endurance athletes with the gear they rely on in the world’s most extreme environments. Advanced technology with an efficient and intuitive user experience is at our core – when you use a COROS product, you know you are getting a tool that has been designed, tested and perfected for the athlete, by the athlete. COROS users have set World Records and been to the highest point on earth, pushing our products to the extremes. At COROS, creation and innovation is never ending. Our customers, the athletes make COROS – be a part of our community @COROSGlobal on Facebook and Instagram.

Scottish aerospace metals experts announce €10million investment

IMET Alloys, the Scottish-based European leader in processing and supply chain management of titanium and superalloy materials, today announced a €10million investment to establish Europe’s first dedicated aerospace grade titanium processing facility.

The plant will be built and equipped by IMET at Saint Georges-De Mons, near Clermont-Ferrand in central France.

IMET, headquartered in Livingston, West Lothian, uses the most technologically advanced techniques in the world to provide the melters of titanium and superalloys with furnace-ready products to melt ingots which are used in the aerospace, oil and gas, power generation and medical sectors.

The new plant will convert titanium generated by aircraft manufacturers and their subcontractors into clean, furnace-ready material. IMET channels this directly back into the world’s titanium melting facilities displacing primary ore and helping create a circular economy within Europe’s aerospace manufacturing supply chain.

Chief Executive Officer Ruaraidh Williamson said: “We’re delighted to be establishing our first dedicated titanium plant and European headquarters in France. The facility will be designed and purpose-built by us to handle titanium alloys of today and tomorrow.

“We will be employing exclusive technologies developed by IMET to cement our position as the processor and supplier of next generation alloys utilised in the latest energy-efficient engines.

“Our commitment to this project is a vital step for keeping titanium materials in Europe while reducing the carbon footprint of titanium melting activities through the displacement of ore based primary raw materials.

“IMET’s unique value proposition is vital to the creation of a European aerospace circular economy, completing the circular flow and efficient use of titanium materials. Delivering environmental, climate and socio-economic benefits ranging from reduced transportation needs to lower raw material imports and a more self-sufficient European titanium supply-chain.”

IMET Alloys is one of the world’s largest specialist companies processing and managing titanium and superalloys with two UK facilities in Livingston, two plants in the United States and one in the Czech Republic.

Clients include the world’s leading commercial aircraft engine manufacturers such as American conglomerate General Electric, Rolls-Royce and Safran SA, the French multinational aircraft engine, rocket engine, aerospace-component and defence company.

Ruaraidh said: “We do what others can’t. Our people and processing techniques are the most technologically advanced in the world. They define the industry standard. They’re why we’re the first-choice company to process the next-generation alloy and they’re how we consistently deliver materials that meet the stringent specifications and rigorous quality standards the industry demands.”

IMET Alloys was founded in 2012 backed by Scottish entrepreneur Hugh Stewart OBE’s investment vehicle, private equity specialists Coralinn LLP.

Hugh said: “IMET is enjoying significant success delivering innovative solutions to the aerospace sector. We are delighted with its progress.

“In 2000 Ruaraidh was recruited as the first graduate into our highly successful graduate recruitment programme. Through training, continuous learning and mentoring he is now an outstanding CEO.

“For many years the UK and in particular Scottish SME’s continue to fail to invest in succession planning. At Coralinn we are committed to develop the managers and leaders of tomorrow.”

IMET’s announcement today is underpinned by a 10-year service agreement with France-headquartered EcoTitanium signed at the recent Paris Air Show. Building of the new facility in France will start in July 2020 and the plant will be operational by 2022.

IMET Alloys’ other plants are in Livingston, Monroe in North Carolina, Plainsville, Connecticut and Prague, Czech Republic. The company recently invested $3million in an expansion at the Monroe facility which will be officially opened later this year.

Today, IMET employs just under 100 people in the USA, UK and Czech Republic and, when fully operational, there will be around 50 people at the new St Georges-De Mons facility.

The company has an expected turnover this year of $60m and is eyeing further expansion.

Blairtum House restoration wins top Government award

THE restoration of the iconic Blairtum House in Rutherglen has been recognised by a prestigious award from the Scottish Government.

There had been fears for the future of the landmark building after it became derelict and was then set on fire by vandals two years ago just as a project to renovate it had started.

But after a £3million investment by Livingston-based Rosewood Homes restored both the historic house and the surrounding grounds, the recently-finished site has won the national award for “Innovation in any architectural building or place” at the Scottish Awards for Quality in Planning.

The awards celebrate achievements in planning from the detail of processing to the final result.

Rosewood Homes Construction Director Lou Lauder said he was delighted to receive the award which was presented by the Minister for Local Government, Housing and Planning Kevin Stewart at a ceremony in the Balmoral Hotel, Edinburgh.

Mr Lauder said: “South Lanarkshire Council planners were looking for something different for this site and the design team at Crawford Architectural delivered that. Working closely with planning department throughout the project helped with the success and quality of this development.

“This was a very challenging project, particularly after Blairtum House was ravaged by fire. We are very pleased our efforts in revitalising the existing building by creating new living space in it and through the homes we constructed to complement it have been recognised at this level.”

From a burned-out shell, Blairtum House was converted into a three-bedroom penthouse and two, three-bedroom luxury flats with the wider development including four, five-bedroom villas. Most of the properties have already been sold but two flats are still available.

Mr Lauder added: “We’d like to thank South Lanarkshire council who were hugely supportive from the very early stages of the development, the planning process and throughout the delay caused by the fire.”

Rosewood Homes has been involved in multiple private and public projects in central Scotland including building socially-rented accommodation for Clyde Valley Housing Association.

Rosewood Homes is backed by private equity company Coralinn LLP.

Outdoor experts widen their horizon

SCOTLAND’S fast-growing outdoor equipment specialist 2pure announced that it has acquired technical climbing and mountaineering distributor Allcord in a move which will strengthen 2pure’s position as a distributor of premium brands.

All aspects of the two businesses are complementary including the customer bases, senior management and brands. The combined company will employ 35 people. All staff are being retained and no jobs are being lost as a result of the acquisition. The company will represent top international brands and supply equipment to retailers throughout the UK and EU.

George Bowie, CEO of Edinburgh-based 2pure, said it would accelerate the company’s strategy to become a significant partner in the specialty outdoor market with the existing Allcord business boosted by 2pure’s operational strengths and highly experienced management team.

2pure, which is headquartered in Balerno, Edinburgh, was founded by George and Alison Bowie in 2006 and has established itself as a major distributor of a wide-range of premium brands for the active enthusiast with a particular focus on the running and cycling sectors.

Allcord, which is currently based in Livingston, has been a leading wholesale distributor of specialist brands for the outdoor sports, climbing and mountaineering market, as well as a leading supplier of industrial safety equipment, for more than 35 years.

The acquisition is backed by private equity company Coralinn LLP, the investment vehicle of entrepreneur Hugh Stewart and owner of Allcord.

As part of the deal, Coralinn LLP will take a 25% stake in 2pure. Hugh Stewart, who has a long record of building companies on a global scale, will become chairman of 2pure with Coralinn’s investment director, John Wardlaw, also joining the board of directors.

George Bowie said the move was “an exciting step” in 2pure and Allcord’s development.

He added: “Allcord has been on our radar for a number of years, during which time we have become friendly competitors. Getting to know Hugh and John from Coralinn has enabled us to position ourselves to acquire and integrate Allcord which is predominately a complementary business.

“Our strategy is very clear and having the support of Coralinn will enable us to focus on the future expanding our markets.”

Hugh Stewart said: “We are excited about the opportunities that will come from combining the two businesses and look forward to working with George and Alison to grow the combined business.”

http://www.scotsman.com/business/companies/media-leisure/edinburgh-outdoor-equipment-specialist-2pure-snaps-up-livingston-s-allcord-1-4829735

Carluke landmark replaced with luxury apartments

A LANDMARK building in the centre of Carluke, derelict for seven years, has been bulldozed and replaced with luxury flats.

The Welfare Hall in Sandy Road, once a popular venue for dances, snooker enthusiasts and local events, was disused and became an eyesore after it closed around 2010.

Now Rosewood Homes, whose construction director is Carluke man Lou Lauder, has built a luxury development of 10, two-bedroom apartments, and two, three-bedroom penthouses on the site.

Prices range from £120,000 – £149,995 with three of them already reserved and show apartments will be available for viewing every day over the Easter weekend. All the flats will be ready for entry in May.

Lou said: “Carluke is growing fast and is increasingly popular with commuters to Glasgow, Edinburgh and surrounding areas both by train and by road.

“Sandy Road is in the centre of town within easy walking distance of schools, shops, medical centre, railway station, bus routes and the M8 motorway so it’s an excellent location.

“We pride ourselves on the quality of the homes we build and the reaction we’ve had from people who have already reserved flats in this development, and others who are currently considering buying after viewing them, is a terrific endorsement of what we do.”

This is the third major project undertaken by Rosewood in Carluke in the last two years. Last February the company handed over the first phase of an affordable homes development at Shieldhill Road to Clyde Valley Housing Association and the second phase is due to start in March.

The company is also building six luxury detached houses at Luggie Road, Carluke. The date when work is expected to start is to be confirmed.

Lou added: “We have established a reputation for delivering high-end workmanship over many years and because of that the Sandy Road and Luggie Road projects are already attracting attention from potential buyers.”

Rosewood is backed by Coralinn LLP, the investment vehicle of leading entrepreneur Hugh Stewart OBE.

Coralinn sells stake in satellite builder Clyde Space

CORALINN LLP has announced it has sold its 28% in Clyde Space, Europe’s leading manufacturer of miniature satellites, allowing the merger of the pioneering Scottish company with Swedish satellite builder AAC Microtec.

With Coralinn (along with Nevis Capital) the primary financial backers from 2011, Clyde Space’s turnover grew from £1million in 2010 to £7m, the number of employees rose from 16 to 80 and the range of customers for its pioneering miniature satellites extended from the UK Space Agency to NASA.

Hugh Stewart OBE, managing partner of Coralinn LLP, said: “We are delighted to have participated in both the growth of Clyde Space and in the development of Craig Clark as CEO.  For Scotland to have developed a leading company in this niche area  is a significant achievement.

“All government agencies have participated in helping the company achieve its objectives. The merger with AAC will bring significant synergies and the opportunities, particularly in the USA, should bring further significant growth”.

The newly merged company, now known as AAC Clyde space, is listed on the Swedish NASDAQ (AAC.ST) with a current share value of £60m representing a substantial return for Coralinn.

Hugh added: “Coralinn are long term investors. We participate in helping develop leaders and companies achieve international scale. By participating in setting strategic objectives, helping with implementation and ensuring management development we can see our investment companies develop each year”.

Thanks to Coralinn’s involvement, Clyde Space attracted considerable attention including visits from Scotland’s First Minister Nicola Sturgeon, former First Minister Alex Salmond and other senior politicians and business groups.

John Wardlaw, who represented Coralinn on the Clyde Space board, said: “I have watched the company grow over the years and the commitment of Craig and all employees has been outstanding.

“Scottish Enterprise and the Scottish Government along with the UK space Agency have been significant supporters of the company and have been keen to help in any way they can”.

Coralinn’s legal adviser during the merger negotiations was Anna Brown of international business law firm, Addleshaw Goddard.