Hampi­jan has agreed to acquire an 80% stake in Peterhead fishing gear supplier Jackson Trawls. Image: Jackson Trawls

Icelandic fishing gear group Hampi­jan has struck an agreement to acquire an 80% holding in Scottish companies Jackson Trawls and Jackson Offshore Supply.

Jackson Trawls was established in Peterhead by successful skipper John Buchan in 1962, and was run for many years by his son Arthur. For the last couple of decades Jackson Trawls has been run by the third generation as Mark and Stephen Buchan have continued to build up Jackson Trawls as well as expanding into Jackson Offshore Supply with a range of specialised ropes, lifting gear and other equipment for the oil and gas sector. The brothers will continue to manage the two companies as they have up to now.

According to Hampi­jan, the purchase strengthens the groupĺs position on the market around the North Atlantic region, which is its key area of activity. UK waters have significant marine resources ľ and with the ongoing uncertainty over Brexit as negotiations between the EU and the UK are about to get underway, Hampi­janĺs acquisition of a holding in Jackson Trawls ensures its position regardless of the political outcome.

Hampi­jan states that there are significant synergies that will result from the purchase, with the Scottish customers of both companies able to benefit from Hampi­janĺs products and expertise in both fishing gear and specialised offshore sector equipment.

Jackson Trawls is a leading supplier of fishing gear in Scotland. Image: Jackson Trawls