“This is a strategic move that will immediately propel ProCom as the unrivalled leader in the Rigging Supply business in Trinidad”. So said Mark Laughlin, CEO of Process Components Limited (ProCom), as he explained the logic behind the significant acquisition which became effective on March 31st, 2016 at his Pt. Lisas office. Signing on behalf of FT Farfan Limited was Alan Fitzwilliam, Managing Director and Derek Cumming, Director – Industrial Group.
According to Laughlin, ProCom’s Rigging customers can expect to receive an enhanced service and added value from the acquisition which included all the assets of FT Farfan’s Rigging Division.
“We are excited because of the tremendous potential that exists in the Industry. This, coupled with our commitment to integrity, innovation and performance, makes us confident that this transaction will enable ProCom to continue to distinguish itself and meet the needs of our stakeholders better than before. Additionally, we will be welcoming six (6) of Farfan’s top performing staff who will complement our already proven and talented team.”
When asked about this significant investment during a “recession”, Laughlin was optimistic about the future of his company. “We see this time as an opportunity to invest in our business and it has been proven that companies that master the delicate balance between cutting costs to survive today and investing to grow tomorrow are amongst the most successful”.