Werner Access Products UK Holdings, Ltd. Completes Acquisition of Youngman Group Ltd.
27 Oct, 2014, 11:20 ET
LONDON, Oct. 27, 2014 /PRNewswire/ -- Werner Access Products UK Holdings, Ltd. announced Oct. 24, 2014 that it has completed the acquisition of Youngman Group Ltd. following receipt of clearance from the Competition and Markets Authority of the UK. Youngman Group, based in Maldon, Essex, is one of the world's leading suppliers of access equipment.
"This acquisition continues Werner's growth in the world-wide ladder and access products market," said William T. Allen, Chairman. "The Youngman and BoSS brands are well recognized tower and trade access product brands in the United Kingdom. The merger of Youngman and Werner UK will allow us to leverage our operations, product development, sales and marketing networks to strengthen Werner's position in the construction and trade channels. This strategic acquisition will also form a strong platform for our continued expansion into the European and Middle Eastern markets."
Paul Bentley, Youngman Group's Managing Director, commented, "Youngman has provided the construction and trade industry with innovative, quality products since 1926. We are extremely pleased to become a part of the Werner family of companies who share our same commitment to world class customer service, product innovation and quality."
ABOUT WERNERCO: WernerCo is a privately owned, fully-integrated, international group of manufacturers and distributors of climbing products, fall protection equipment and jobsite truck and van storage equipment. The WernerCo group has manufacturing, office, sales and distribution facilities in the United States, Australia, Canada, China, Mexico, Philippines, Vietnam and the United Kingdom. WernerCo's international headquarters are in Schaffhausen, Switzerland and its US headquarters are in Greenville, Pennsylvania. For more information, visit www.wernerworldwide.com.
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