THE Altrad Group, which owns Belle Engineering in Sheen, has acquired the UK TRAD Group of scaffolding companies for an undisclosed sum.
The London-based Scaffolding Contracting Business and the Nationwide Hire & Sales supply nonmechanical access systems, builders’ equipment and safety products.
Dr Altrad, who privately owns 78 per cent of the group, said that the acquisition provided Altrad with strategically located companies for the convenience of customers, with a UK wide pool of expertise, while also benefiting from local knowledge and support.
TRAD Group has approximately 450 employees and a turnover of about £45 million a year.
The contracting business mainly focuses on the London and South East markets, and the Hire & Sales firm operates through a UK branch network supplying all forms of access equipment, scaffolding, system scaffolding, fencing, and fall prevention products.
The TRAD Group will continue to operate from its current locations around the UK.
Dr Altrad said: “After 28 years of growth, the strategy of the Altrad Group remains to grow the business in a controlled and sustainable manner for the benefit of the customers, employees, shareholders and partners.”
Ray Neilson MD of Altrad Belle UK, who has been assisting on the acquisitions, said: “This acquisition forms part of the bigger plan to provide the large UK market with products and services from Altrad, which specialise in the manufacturing and sales of scaffolding, cement mixers and wheelbarrows, together with providing additional contracting services in the scaffolding sector.”
Altrad now has more than 80 companies with the majority being located in Europe.
Belle Engineering, which employs more than 120 people, became part of the Altrad Group in 2009.
Hayden Smith the chairman of the TRAD Group said: “Opportunities have been numerous over the years to sell the Trad Group, but were never seriously considered as it would have led to changes in our successful management team, followed by the loss of our long established and well respected identity.
“The Altrad Group offer made it very clear that they wanted the Trad Group, but were very insistent that the team stayed intact long-term to continue with our successful strategy of providing quality service and materials, which is instrumental in both client satisfaction and retention.”
Dr Altrad and Ray Neilson are very keen to hear from companies that are interested in joining the group if they are involved in any element of scaffolding, cement mixers or wheelbarrows, preferably with a turnover in excess of £10m.
It is envisaged that 2013 will again be a record year for the Altrad Group, whose headquarters are located in Montpellier, in the south of France.
The company has proved to be resilient even through a deep recession.
It says the business is now well positioned for another substantial phase of growth both organic and through acquisitions.