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PRESCO SCAFFOLDING SET FOR A NEW LEASE OF LIFE
 

Acquisition will deliver a reinvigorated service to contractors and clients.

Two big guns in the construction supplies sector have acquired the dedicated scaffolding business Presco Scaffolding.


The once market leader business, whose turnover had more than halved over the past few years, has been bought by Steve Tysoe and Ian Smith, both former directors of Beaver 84, a leading distributor of scaffolding, fencing and groundworks products for hire and sale.

The acquisition for an undisclosed sum, is expected to take the Presco organisation to a whole new level, including bespoke scaffolding systems.

The deal comprises all the intellectual property, trademarks and brands associated with Presco Scaffolding as well as Presco's 10,000ft2 factory and distribution centre in Walsall, its 14 employees and partnerships with half a dozen factories in China.

Presco's customer base of larger distributors will be enhanced with the addition of end users although this will not be at the expense of undercutting existing clients.

Steve and Ian, helped by the Presco workforce which will be expanded over the next 12 months, will reinvigorate the business and rebuild turnover by investing in factory methodology and R&D, adding to Presco's current range of high-quality, durable and cost-effective scaffold fittings, couplers and ancillary items.

They will also embrace opportunities to build on the bespoke scaffolding systems, in-house batch testing facilities and ability to own-brand product.

Presco had built a reputation for providing fully-managed packages of scaffold equipment, including fittings, boards, 4mm tubing, access and safety equipment, ancillary items and tools, saving clients the time and expense of sourcing these from different suppliers. All products are tested to EN74-1B and AS1576.2.

Currently the only supplier to offer UKAS accreditation, Presco's workforce brings a total of almost 200 years of expertise to the task and will be supported by investment in improved deliveries and larger stock holding.

Key customers will also be offered bespoke marketing plans and some stock will be available to hire.

Steve Tysoe said: “Presco was a company at the top of the supply chain with a name not rivalled by any other in its market. We intend to refocus and return it back to its rightful place as well as expanding it to ensure that a great British business name is not lost as many others have been over the years.

“Our intention is to grow the business through partnerships, a more focussed approach to the client, either distributor or end user, to add products that enhance the current range and to bring back the bases of UK manufacturing where appropriate.”

Steve brings more than 35 years' experience in hire and sales within the access, civil engineering, events and general construction industries. He has designed and executed a growth strategy that increased turnover from £24 million to £42 million.

Ian has more than 40 years' experience in the finance sector with many blue chip organisations, including 30 years in manufacturing and more recently, construction manufacturing, hire and sales.

ENDS

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