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.
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.”