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MIDLAND POWER ACQUIRED Hire Supply company buys Worcester distributor
Worcester-based Midland Power has been bought by The Hire Supply Company UK based at Long Eaton, Nottinghamshire.
The deal was finalised last Friday (7 March 2014) and has resulted in jobs being saved at the outdoor power equipment distributor. A new company has been formed, HSC Midland Power Ltd, which will operate under the control of John McGhee and Clive Graham from the existing premises at Worcester, and it's understood that all the 14 staff previously employed by Midland Power will transfer to the new company.
The Hire Supply Company supplies the hire industry with a range of products, notably portable heating and cooling solutions, site lighting and safety equipment.
Mark Richards of HSC says of the acquisition, "It provides us with perfect synergy into a new market sector which will provide benefits for both ourselves and the new company. Customers will benefit from a significant investment in stock and the knowledge that a leading specialist supplier to the hire industry is invovled in the daily running of the business."
All customer accounts will transfer from the old company to the new company, but all contact details at Midland Power remain the same.
Midland Power was formed over 40 years ago by Ian Fidoe and Barry Goode, before being sold to Andrew Gunn who also ran Chipperfield Garden Machinery Centre.
