Thu, 05 Jul 2018 | BUSINESS SALE
UK’s largest independent construction equipment supplier has acquired Finlay Plant (UK) and its Finlay Group subsidiary and associated companies. The Warrington based equipment supplier has secured full distribution rights for the complete range of Terex Finlay mobile crushing, screening and conveying equipment for England, Wales and the Channel Islands for an undisclosed amount.
Finlay Group managing director David Statham said: “For almost 50 years the Finlay Group reputation has been built on the diligence of our people and their respect for our customers. Molson Group is also highly respected and there are clear synergies between our organisations for our mutual customers. I’m very excited for the future direction and the growth expectations for both businesses.”
The sales, hire and service organisations are to remain largely unchanged.
Molson managing director Robin Powell said: “We are delighted to have acquired the Finlay Group and look forward to welcoming their experienced team into our Molson organisation. The success of the Finlay Group has been built upon a customer-centric philosophy to provide innovative products and solutions to the market. Their commitment and dedication to exceptional customer service directly correlates with our own culture and we are delighted that they have joined our team.”
Key resources have already been added to enhance the regional operations of Finlay Group. Aftermarket support will continue to be provided by Sure Equipment.
Terex Materials Processing president Kieran Hegarty said: “This acquisition allows us to strengthen our relationship with this vibrant and progressive business. Terex’s continued success significantly relies on working in partnership with professional and customer focused dealers. Molson have proved to be just that in the past and we look forward to growing with them in the future. We are particularly excited with the benefits that this acquisition will bring, both for our customers in England and Wales and for our business.”
The first mobile screening unit to the UK was introduced by John Finlay to UK and Irish markets in 1961. Terex Corp acquired the company in 1999 as part of Powerscreen International.
Provides a comprehensive range of building materials, including aggregates, blocks, timber, cement, insulation and roofing products.
LEASEHOLD
Established for over 55 years, earning a well-respected reputation due to its strong service offering. Has a strong pipeline for the coming year, with projects valued at approximately £3m.
LEASEHOLD
Utilises a highly experienced team of subcontractors to carry out residential and commercial projects, including new builds, renovations, extensions and historical building restoration.
RELOCATABLE
|
02
|
|
Aug
|
TGM Partners scoops up manufacturing firms in double acquisition | BUSINESS SALE
TGM Partners, a company specialising in the acquisition and ...
|
02
|
|
Aug
|
Victoria’s Secret UK placed into liquidation | ADMINISTRATION
It has been announced that lingerie retailer Victoria’...
|
30
|
|
Jul
|
UK insolvencies rise 31 per cent in Q2 | BUSINESS NEWS
According to figures from The Insolvency Service, company in...
Sign up to receive our acquisition alert emails to get your FREE guide
|
02
|
|
Aug
|
Victoria’s Secret UK placed into liquidation | ADMINISTRATION
It has been announced that lingerie retailer Victoria’...
|
02
|
|
Aug
|
TGM Partners scoops up manufacturing firms in double acquisition | BUSINESS SALE
TGM Partners, a company specialising in the acquisition and ...
|
30
|
|
Jul
|
Newcastle-based construction firm enters administration | ADMINISTRATION
Newcastle-based contractor Kapex Construction Limited has en...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources