Pure Lifting acquires Reid Lifting

UK holding company Pure Lifting has acquired Welsh lightweight gantry crane manufacturer Reid Lifting. The value was not disclosed, and the deal includes working assets and employment offers for all staff, but not the buildings and land.

“Nick and his team have done a tremendous job of positioning Reid as a standout manufacturer in the portable lifting equipment marketplace.”vertikal.net

• 3 sources
• vertikal.netPure Lifting acquires Reid Lifting | Vertikal.netMar 21, 2019
• southwalesargus.co.ukChepstow manufacturing business sold to holding firm with plans to expand | South Wales ArgusJo BarnesMar 25, 2019
• forkliftaction.comForkliftaction News edition no. #916 from 28 Mar 2019 - email versionMar 28, 2019

Summarized from public sources; check the original articles before acting on it.