Tanfield has estimated that Snorkel’s 2014 revenue will be about US$100 million. This is forecast to rise to approximately $150 million in 2015, Access International reports.
The Tanfield statement follows its sale of 51% of the Snorkel business in 2013 to US-based Xtreme manufacturing, and added there has so far been a working capital investment of over $45 million in Snorkel. It said the spare parts business is now operating at 100% coverage.
