UpRight parent buys Snorkel
Published in: Diesel Progress North American Edition
Date: 8/1/2007
The Tanfield Group Plc, the parent company of aerial lift manufacturer UpRight, announced it has purchased Snorkel International. Tanfield said in a statement that it plans to raise the necessary funds for the acquisition via a share placing. The sale will be finalized in approximately three weeks, following a meeting of Tanfield’s shareholders.
The combination of Snorkel’s volume production capability in the U.S. and Australasia, along with UpRight’s existing facilities in the U.K. and the U.S., will create a business capable of competing anywhere, according to Darren Kell, chief executive of Tanfield and UpRight. “This will create a new, full line manufacturer of high-quality aerial work platforms,” Kell said.