03.05.2001

Mastclimbers + SGB = 500

SGB and Mastclimbers have agreed to merge their mast climbing business. The new joint venture will create a company with a fleet of about 500 units which will be jointly owned by SGB's parent company, Andrew Reid (managing director of Mastclimbers) and the Mastclimbers management team. SGB's parent company Harsco will own 51 per cent.

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Peter Maggs of SGB (left) and Andrew Reid of Mastclimbers

The new company will operate under the Mastclimbers name, colour scheme and logos. It will have three depots, the two existing Mastclimbers depots at Glasgow and Leighton Buzzard and the SGB depot in Haydock. The Mastclimbers fleet is predominantly Alimak but with some Safi and Malmqvist units. SGB's 215 units are predominantly from Hek. Sales revenue at Mastclimbers, which is now five years old, is approximately £2 million.

Andrew Reid says “We have always firmly believed in the potential for further growth of the mastclimbing approach as we illustrate over and over again to customers how significant savings can be enjoyed when the systems are applied efficiently. Hitherto, these aspirations had to be curtailed within constraints of people development and funding. Our merger with SGB will greatly accelerate our potential for growth”.

Peter Maggs, Managing Director of the SGB Contract Division comments that “We will be blending the strongest constituent parts of both entities to create a world class company, dedicated to promoting the advantages that this product can bring to our clients on construction, industrial and renovation projects world-wide.