News

Selwood Makes Second Acquisition of 2008   August 2008

Selwood has announced that it has acquired Proplant Ltd., its second acquisition in the last two months.

Proplant was established in 2001 and operates in Wales and the West of England with branches located in Cardiff, Swansea, Milford Haven and Bristol. Employing a total of 40 people, Proplant deals in a wide range of general plant together with survey and safety equipment.

Commenting on this acquisition, Selwood Group Managing Director, Chris Garrett, said, “when we knew there was an opportunity to acquire Proplant, Selwood was very keen to be involved in the process. The Proplant business has a very strong brand in Wales and the South West and the combination of our businesses offer some great opportunities to us. We are not reliant on achieving cost savings from the combined operation to make the acquisition successful”.

As part of the transaction Selwood are retaining the services of Glyn Charles and Paul Rowsell, the founders of the Proplant business, and for the rest of the Proplant team it is business as usual.

Chris Garrett continues, “despite the current uncertainty in the market place and following the Glo Hire and Sales transaction this latest acquisition is a statement of our commitment to the UK Plant rental markets as well as to all of our customers”.