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Woodall Nicholson makes acquisitions as part of international expansion

BGF-backed Woodall Nicholson Group, a manufacturer of specialist vehicles for the funeral, public transport and emergency services markets, has acquired the intellectual property, trademarks and strategic assets of the former Binz & Co, KG and BINZ Holding.

The business is headquartered in Westhoughton, Bolton UK. The deal will add capability to Woodall Nicholson’s existing business, Coleman Milne, which is a market leader within the same sector for UK and Ireland.
 
The transaction cements the growth of the Woodall Nicholson funeral car business, with the expansion of its ceremonial vehicles business across Europe and the Middle East, offering the complete range of vehicles under both the Binz and Coleman Milne names, on Mercedes, Ford and Tesla platforms.
 
This announcement comes on the back of a UK acquisition which saw the business buy the share capital of JM Engineering Limited and Promech Solutions Limited.
 
Woodall Nicholson Chief Executive Officer, Frank Barrett, says: “We are very proud to add the Binz range of vehicles to our portfolio. The acquisition presents significant growth opportunities for the Group, making Woodall Nicholson a truly international player in the design, manufacture and supply of ceremonial vehicles through our Coleman Milne and Binz brands and products.  We will continue to maintain our focus on technology, quality, delivery and customer satisfaction and we are ready to immediately support the customers of the former Binz business.”
 
Woodall Nicholson has projected sales of GBP80m this year, which has grown from GBP34m when the firm received funding in 2016.
 
This deal will complement the substantial growth already achieved and underpin the future growth aspirations of the Woodall Nicholson Group which has gone from strength-to-strength since receiving BGF investment in 2016. BGF is the UK and Ireland’s most active investor.

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