Acquisition
April 04 2008 - 3:01AM
UK Regulatory
RNS Number:5909R
Vp PLC
04 April 2008
Press Release 4 April 2008
Vp plc
("Vp" or "the Group")
Acquisition
Vp plc, the equipment rental specialist, announces the acquisition of the entire
issued share capital of Redding Hire Limited ("Redding") for a consideration of
�2.9m.
Redding, which operates from its base in Northamptonshire, has been established
for over 17 years and is engaged in the hire and sale of shoring products and
plant to the construction and civil engineering sectors.
Redding will operate within Vp's Groundforce division, enhancing the
geographical network for that business. In the future, Redding will be able to
offer its customer base a wider range of services.
Jeremy Pilkington, Chairman of Vp plc commented:
"We are very pleased to acquire the Redding business which will further
strengthen Groundforce's geographical distribution and customer base."
- Ends -
For further information please contact:
Vp plc
Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 400
jeremypilkington@vpplc.com
Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 445
neil.stothard@vpplc.com www.vpplc.com
Mike Holt, Group Finance Director Tel: +44 (0) 1423 533 445
mike.holt@vpplc.com www.vpplc.com
Media enquiries:
Abchurch Communications
Sarah Hollins/ Louise Thornhill Tel: +44 (0) 113 203 1345
sarah.hollins@abchurch-group.com www.abchurch-group.com
Notes to editors:
About Vp
The principal activity of the Group is equipment rental and associated services
almost entirely conducted within the UK. Vp plc listed on the London Stock
Exchange in 1973.
The Group is focused on six businesses:
Hire Station
Tools and specialist products for industry, construction and home owners.
TPA
Portable roadway systems, bridging, fencing and barriers primarily to the UK
market, but also in the Republic of Ireland and mainland Europe.
Torrent Trackside
Infrastructure equipment and services for the railway renewals and maintenance
industry.
Groundforce
Excavation support systems and specialist products for the water, civil
engineering and construction industries.
UK Forks
Rough terrain material handling equipment for industry, residential and general
construction.
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and
development markets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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