SNC hoovers up Hercules Site Services’s suction excavator division
Hercules Site Services has sold its suction excavator division to a Merseyside company as part of its strategy to focus on its core labour supply business.
SNC Holdings (NW), based in Newton-le-Willows, has paid £2.4m to acquire the business. The wider SNC group's services include logistics and vacuum excavation systems.
The Suction Excavator business accounted for 88% of Hercules' borrowings but less than 5% of its revenue. The sale will "materially reduce" the company's debt and lease liabilities by approximately £9m immedia... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
