Oilfield chemical specialist Roemex has completed a management buyout, marking a significant milestone for the company as it continues to expand its presence in both traditional oil and gas and the rapidly growing offshore renewables sector.
Three long-serving executives, George Dickson, Peter Wilkie and Alex Buchan, have now taken over the Portlethen-based company for an undisclosed sum.
It comes as Roemex, which has a turnover of £14.5 million and 40 employees, celebrates 41 years in business.
Roemex, known for its high-performance chemical solutions tailored to the energy industry, has recently achieved Fit 4 Offshore Renewables (F4OR) ‘granted’ status, a recognition that underscores its commitment to supporting the transition to renewable energy.
Peter Wilkie, General Manager at Roemex, highlighted the company’s strategic direction following the buyout: “Our participation in the F4OR North East Scotland programme has been an important part of our transition into offshore wind. We are already applying decades of energy sector expertise to support clients in this space, and this process has further strengthened the robust procedures we already had in place.”
Richard Simcox, who will now step down as managing director, said: “Building this business over 40 years has been the privilege of a lifetime, and I’m really proud of what we’ve achieved.
“Handing it over to the team who have helped shape its success ensures continuity, stability, and a bright future.”
“I have every confidence that under their leadership, the company will continue to thrive and wish them nothing but success as they take the company forward.”
The management buyout is expected to accelerate Roemex’s growth ambitions, enabling further investment in research and development. The company recently acquired and refitted a new premises in Aberdeen to house a bespoke R&D centre, ensuring it remains at the forefront of technical and environmental innovation for the North Sea market.
Roemex’s portfolio includes a wide range of production chemicals designed to boost productivity, reduce costs, and deliver health, safety, and environmental benefits to clients in the oil and gas sector.
As Roemex moves forward under new management ownership, industry observers will be watching closely to see how the company leverages its expertise and recent accolades to drive innovation and growth in the evolving energy landscape.
