New owner for Cadman Cranes
Milbank Concrete Products has taken over mobile crane hirer Cadman Cranes.
Both companies are based in Colchester, Essex, and have worked together for many years.
“We were flattered when Geoff Cadman approached us to see if we would be interested in acquiring his business,” said Milbank chairman Sean Milbank. “Geoff wanted to ensure that, if he sold the business, operations would continue and his loyal staff would be looked after.”
Geoff Cadman will remain involved with the business for a transition period.
Cadman runs a fleet of 22 mobile cranes across Essex and East Anglia. Its biggest crane is a 180-tonne capacity Liebherr LTM 1160-5.2, which it bought earlier this year.
Andy Mayne, managing director of Milbank Concrete Products,said: “We are thrilled to welcome Cadman Cranes into the Milbank Group; the acquisition will allow us to build on a successful period of strong and consistent growth. Combining our specialist skills with Cadman’s experience and our joint client base means we are in the best position to bolster our presence within the construction industry.”
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This article was published on 2 Sep 2016 (last updated on 2 Sep 2016).