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February 1, 2019

Nixon Hire buys Elliott Loohire

Filed under: Latest News — EHN Team @ 12:54 pm

Elliott, the specialist supplier of modular solutions, has announced the sale of its Loohire business to Nixon Hire. It is Nixon’s largest acquisition to date.

MD Graham Nixon told EHN, “This expands our depot network to 22 stretching from Southampton to Inverness, and makes us the largest provider of toilets in the UK, with over 17,000 toilets for hire.

“The deal includes operations from ten depots, over 100 employees, 10,000 products and in excess of 100 vehicles. The depot locations, knowledgeable staff and well-established contracts were key factors in our decision to make an offer. The acquisition fits very well with the operation of our existing toilet division and we are extremely confident that the transition will be smooth for both staff and existing customers.”

The new depot locations, which include Wakefield, Manchester, Birmingham, Peterborough, Suffolk, Stevenage, Essex, Bristol and Southampton, fulfils Nixon Hire’s plans for expansion into the South of England.

Graham Nixon added that, while not all the new depots are able to accommodate items from Nixon’s plant fleet, the intention is to establish a presence at each location for its welfare vehicle operation, as well as products from its high-tech Innovation equipment range and from its newly established Renewables Division offering sustainable products.

“Our management team will be visiting each of our new locations to welcome our new employees to the team and induct them into the Nixon Hire business.” The transfer is due to complete on 28 February.

Lee Young, Chief Financial Officer at Elliott said, “Loohire has been a valued part of the Elliott offering for over 15 years and we’re pleased that we have been able to come to this agreement with Nixon Hire. We are confident that the business will thrive under its new ownership, giving greater opportunities to our employees as well as to our valued customer and supplier base.”

Graham Nixon added, “With all the talk in the media at the moment about Brexit, this is really positive news. Our view is that when opportunities arise, you have to grab them.”

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