Molson acquire Finlay Group
June 26, 2019
Molson are pleased to announce the acquisition of Finlay Plant (UK) Limited and its subsidiary and associated companies (“Finlay Group”), a long established equipment Dealer of Terex Finlay products for England and Wales. Through this acquisition, Molson have successfully secured the distribution rights for the complete range of Terex Finlay mobile crushing, screening and conveying equipment for England, Wales and Channel Islands.
The current Finlay Group Sales, Hire and Service organisations will remain largely unchanged. New key resources have already been added to further enhance Finlay Group’s regional operations. Aftermarket parts requirements will continue to be provided by Sure Equipment Limited.
The addition of Terex Finlay products will directly replace the Keestrack range in the Molson portfolio. Molson have been a Keestrack and OM dealer for 11 years and will continue to maintain a strong relationship, whilst supporting customers with warranty work, parts and servicing requirements on legacy machines.
Robin Powell, Managing Director of Molson Group commented: “We are delighted to have acquired the Finlay Group and look forward to welcoming their experienced team into our Molson organisation. The success of the Finlay Group has been built upon a customer-centric philosophy to provide innovative products and solutions to the market. Their commitment and dedication to exceptional customer service directly correlates with our own culture and we are delighted that they have joined our team”.
David Statham, Managing Director of Finlay Group: “For almost 50 years the Finlay Group reputation has been built on the diligence of our people and their respect for our customers. Molson Group is also highly respected and there are clear synergies between our organisations for our mutual customers. I’m very excited for the future direction and the growth expectations for both businesses I look forward to ensuring a smooth transition for our staff and our clients
Kieran Hegarty, President – Terex Materials Processing commented
“The Molson Group are already a valued Terex partner, with distribution rights for other Terex lines in England and Wales. This acquisition allows us to strengthen our relationship with this vibrant and progressive business. Terex’s continued success significantly relies on working in partnership with professional and customer focused Dealers. Molson have proved to be just that in the past and we look forward to growing with them in the future. We are particularly excited with the benefits that this acquisition will bring, both for our customers in England and Wales and for our business. Synergies within the existing Molson organisation will provide the depth required to consolidate the excellent growth experienced by the Finlay Group in recent years and will guarantee industry leading customer support across the entire country”.
Throughout the deal Molson Group was advised by UK law firm TLT. The deal was funded by HSBC’s team in Bristol, led by Relationship Director Tom Lloyd-Jones.
James Shepherd, HSBC’s Area Director for Bristol, Gloucestershire and Wiltshire, explained: “Molson is an ambitious and extremely well-run business and this deal fits perfectly with its strategic growth plans, enabling the business to build new partnerships and expand its offer. We have worked with the team at Molson for many years so know the business well and were delighted to support this important acquisition for Molson’s future.”