EXECUTIVE NEWS continued
Briggs Equipment buys Balloo Hire Centres
Briggs Equipment, the national distributor in the UK for the Hyster and Yale ranges of forklift trucks and other materials handling equipment, has completed the
acquisition of Belfast-based Balloo Hire Centre, which also operates from depots in Bangor, Lisburn, Ballyclare and Glenavy.
Vp included in CMA ‘cartel’ investigation
The Competition and Markets Authority (CMA) has announced provisional findings that Vp plc’s excavation support systems business, Groundforce, is one of three construction industry suppliers that have broken competition law. The Authority has provisionally found that Vp, M.G.F. (Trench
Construction Systems) Ltd and Mabey Hire Ltd formed a cartel to reduce competition and keep prices up. This involved sharing confidential information on pricing and commercial strategy and coordinating their commercial activities. In a Statement of Objections issued on 9 April, the CMA alleges
that Vp and M.G.F. operated the cartel for periods totalling nearly two years and Mabey took part for a single period of five months. Vp states that none of its other businesses are included in
the investigation and that it will continue to cooperate fully with the CMA. The Authority states that its findings are, at this stage,
provisional and do not necessarily lead to a decision that the companies have breached competition law. The firms now have the opportunity to consider the detail of the CMA’s provisional findings and respond to it.
Balloo’s fleet totals almost 10,000 units across a product range of
more than 650 items, and the business has over 120 employees. The acquisition sees Balloo become a wholly owned subsidiary of Briggs, continuing to trade under its own name, with all current operational contacts remaining in place. Peter Jones, Group MD of Briggs Equipment said, “Balloo is one of
the largest and fastest growing plant companies in the Northern Irish market and Briggs is committed to investing in and nurturing the business. Dan McCaffrey, MD of Balloo added, “Our two companies are a
great fit for each other and this can only mean good things for our employees and customers as we look to continue a period of strong performance”.
Vertikal Days revs up
Vertikal Days, the specialist lifting and access equipment event, returns to Castle Donington this year and promises a number of innovative product launches. The two-day Show will take place on 15 and 16 May at Donington Park, the famous British motorsport venue. The venue is next door to East Midlands Airport and close to Derby,
Nottingham and Leicester. The site is located just off the M1 junction 23a northbound, or junction 24 southbound, and can be accessed from the nearby A50 and A42 roads. All catering and refreshments are included at the popular event. For more details and to register visit
www.vertikaldays.net
Morris meets event demand
Morris Site Machinery reports an increase in orders for its Denyo Eventa and Renta generators as preparations step up ahead of the busy events season. Models in demand include the ‘ultra silent’ Eventa 60, a 60kVA diesel
machine which has a quoted noise level of 59dB(A) at 7m and offers 17 hours of uninterrupted operation, and the Renta 20 super-silent 20kVA diesel unit with a noise level of 60dB(A) at 7m and provides 16 hours of constant running. UK Sales Director Richard Denholm said, “We understand our customers’
need for reliable, economical generators that don’t compromise on power but keep noise to a minimum.”
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