RECO Hoist Ltd. is relatively new to the United Kingdom, but for our customers on the European continent,Â the name RECO has been synonymous with quality for more than sixty years now. In 1953 the foundation was laid for a company that has since grown into an international enterprise for the rental of temporary accommodation and equipment with offices in Northern and Western Europe. Customers consider RECO a business partner that acts fast, is reliable and affordable.
RECO Hoist takes over hoist division HTC Plant
In january 2015 RECO Hoist announced the take-over of the Hoist division of HTC Plant.Â RECO Hoists, a UK subsidiary of Dutch construction equipment rental company RECO, will retain all 41 employees, contracts and agreements. HTC Plantâ€™s contracts manager Marcus Percival will also transfer to RECO Hoists to head the team.
Duncan Salt, managing director of P C Harrington which owns HTC, said: â€œThe core activity at HTC is our tower crane operation, an area that we want to further develop and with the market right for investment we had to make a decision regarding our on-going participation in the hoist rental market. We took the difficult decision and considered a sale as the best option.â€
â€œRECO is an extremely reputable and well thought of hoist business, active in mainland Europe, which has wanted a UK operation for some time. This is a very good fit for them and a good deal for both parties. It gives RECO a ready-made hoist operation in the UK and enables HTC to concentrate more actively on its core crane hire business, which is experiencing strong demand.â€
RECO CEO, Edwin Verpoort added: â€œThis is an exciting acquisition for RECO and will provide the business with an opportunity to demonstrate its market strength. We will carry on the activities of HTC Hoist, optimising them where possible with the introduction of the Dutch programme of vertical transportation which includes mast-climbers and scaffold hire and sales.â€ HTC Plant originally acquired the hoist division from Hewden Stuart at the end of 2007