Werner to acquire Youngman
By Euan Youdale18 August 2014
Werner Access Products UK Holding is set to acquire 100% of the shareholding of Youngman Group.
The acquisition will combine Youngman’s tower and low level access products with US-based WernerCo’s UK ladder business, Abru, and is subject to clearance from the UK Competition and Markets Authority. The deal is expected to complete at the end of October.
“This acquisition continues Werner’s expansion in the world-wide ladder and access products market,” said William Allen, Werner chairman. “The Youngman and BoSS brands are well recognised tower and trade access product brands in the United Kingdom and fit well with Werner’s existing UK ladder business.
Mr Allen added, “We’re confident that the deal will benefit the industry by allowing us to offer a single integrated portfolio that combines our complementary strengths – Youngman’s focus on towers and other trade products and Werner’s focus on ladders and other DIY access products.”