{"id":3175,"date":"2018-04-17T17:45:40","date_gmt":"2018-04-17T16:45:40","guid":{"rendered":"https:\/\/anythingforhire.com\/news\/?p=3175"},"modified":"2018-04-17T17:48:56","modified_gmt":"2018-04-17T16:48:56","slug":"newport-plant-hire-firm-ldh-plant-sold","status":"publish","type":"post","link":"https:\/\/anythingforhire.com\/news\/newport-plant-hire-firm-ldh-plant-sold\/","title":{"rendered":"Newport plant hire firm, LDH Plant sold for \u00a31.2m"},"content":{"rendered":"

The Welsh hire industry is a fascinating place to work of late, having given the UK some of the biggest and most innovative businesses in the space. This week, a Newport-based plant hire firm<\/a> has announced that it has been acquired; sold for a respectable \u00a31.2m.<\/p>\n

The Welsh business, LDH Plant<\/strong>, is now owned by Yorkshire firm, Ward Woolston<\/strong>. The deal was made possible by the injection of an HSBC funding package; one that we see the meeting of two wonderful hire business minds. This has allowed Ward Woolston to add South Wales to its ever-growing portfolio, already operating in Bristol, Oxfordshire, and Warwickshire.<\/p>\n

Ambitious plans<\/h3>\n

Wanting to become the biggest plant hire business of its kind, Ward Woolston are planning to reach a turnover of \u00a35m over the course of the next five years, believing this investment to help them on their way to such an ambitious figure.<\/p>\n

Scott Woolston, managing director of Ward Woolston, displayed a great level enthusiasm when making the announcement. Talking to the press, he said:<\/p>\n

“We\u2019re thrilled to have joined forces with LDH Plant and look forward to expanding our operations and services into South Wales.<\/p>\n

“We have achieved consistent growth year-on-year and are working to enhance this progression in the near future.”<\/p>\n

Tony Leech, HSBC\u2019s area director for business banking in the north, was just as excited to see this deal closed.<\/p>\n

“Scott Woolston and his team have a fantastic growth forecast, and the creation of new job roles within the business is positive news for the South Wales job market.<\/p>\n

“We\u2019re delighted to have played our part in the expansion of the group” he said.<\/p>\n

With the two businesses currently enjoying a combined turnover of \u00a316m; the bar is certainly set high for this new venture. Let us know what you think; will this acquisition result in a \u00a35m turnover in the next 5 years?<\/p>\n

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Wales Online: Anything for Hire is amongst ’30 Welsh firms aiming to make it big’<\/a><\/p><\/blockquote>\n