SPECIALIST truck provider MV Commercial has completed a multi-million-pound deal to buy tipping trailer and rigid body manufacturer Fruehauf out of administration, protecting 120 jobs and securing a positive future for one of the best-known brands in the industry.
The landmark deal includes an immediate cash injection and a commitment to a further £30m investment over the next three years, as part of plans to modernise the manufacturing facility and realise the full potential of the 67 acre site in Grantham, Lincolnshire.
MV Commercial will also revive the legendary ‘Crane Fruehauf’ name, by which the business was known until around 1998. The rebranding is expected to be completed in the coming weeks.
Tom O’Rourke, CEO of MV Commercial, said: “This is a hugely significant day for both businesses; and an opportunity we couldn’t turn down. Fruehauf has a fantastic product range, a rich heritage, and a wealth of talent which will be complemented by MV Commercial’s strength and experience in the marketplace.
“With immediate effect we are starting work to scale production back up, enabling us to commit to a delivery schedule for outstanding customer orders and begin building new stock trailers for MV’s own contract hire and ready-to-go fleets.”
MV Commercial is best known for its one-stop-shop approach and plans to open a truck sales and rental facility on site in Grantham within the next month. Work will begin within days to refurbish and modernise much of the site.
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