Selwood acquires Glo Hire and Sales
Posted: Thursday 24th July 2008
National Plant and Pump Hire and Sales company Selwood Ltd has announced that it has acquired the trade and assets of Glo Hire and Sales Limited.
Glo Hire and Sales was established in 2002 and operates in the East and South East of England with branches located in Grantham, Dunstable, Heathrow and Folkestone together with facilities in central London. Glo employs a total of 25 people and deals in a wide range of plant, powered access and small tools.
Commenting on this acquisition, Selwood Group Managing Director Chris Garrett said. “This acquisition further strengthens our position in the South East and helps consolidate our position as a leading national plant company. We intend to invest in the operation to ensure its continued success.”
Selwood intends to make a seamless transfer of the business. Chris Garrett continues, “On the back of a record year in 2007 we were keen to further develop our business and with a limited amount of re-organisation within both Selwood and Glo, the acquisition will not only strengthen our position in the marketplace, but also allow us to offer a wider range of products and an even greater level of service to both our existing and Glo’s customer base.”
Established for over 60 years, Selwood has become one of the largest privately owned companies serving the UK construction and industrial markets. It currently owns in excess of 12,000 items of non-operated equipment and over the last two years Selwood has followed a policy of continuously updating its hire fleet committing over £20m in new equipment.
