News By Tag
News By Place
Miniveyor Products Ltd. The New Home of Miniveyor
Miniveyor Products Ltd has now become the new home of Miniveyor™, the world’s favourite portable conveyor system, following the acquisition of Rako Products Ltd.
By: Miniveyor products Ltd
The deal struck with Administrators, Deloitte LLP, by Darracq Shawe, a former director of Rako, to purchase the IPR, assets and goodwill of Rako Products Ltd, safeguards the continuation of manufacturing at the Stonehouse facility as well as the supply of their world famous product to a global marketplace.
In a recent interview Shawe said ‘…of course Rako had been affected by the credit crunch but our products are still in demand in a rising market in which our construction and mining customers are coming under increasing pressure to increase productivity while at the same time reduce manpower and overheads. The introduction of Miniveyor into these organisations almost always reduces their reliance on manual labour, increases productivity and reduces manual handling health and safety incidents’
He went on to say ‘I apologise for the disruption in supply to customers and in particular to our customers in North America following Rako’s decision to suspend deliveries to US distribution partner Miniveyor Systems Incorporated in April 2008 because of payment issues with them. I am aware that some of our North American customers may have paid deposits to our former distributor and not received goods and I would like them to contact me if they have been affected by this in any way.’
Shawe was advised by the acquisition team at Harrison Clark LLP and Lloyds Banking Group, who provided funding through the Enterprise Finance Guarantee scheme. This funding scheme has been launched by the UK Governments Department for Business Enterprise and Regulatory Reform (BERR) to help SME’s with viable business plans raise the necessary investment during the economic downturn.
21st February 2009
NOTES TO EDITORS
Miniveyor Products Ltd is a world leader in supplying confined space equipment to the construction, mining and tunneling industry worldwide. The company aim is to supply a customer service of reliability and satisfaction.
Miniveyor Products Limited believes in providing customers with innovative solutions designed to improve their workflow. Their Miniveyor™ conveyor system was created in the early 90’s to offer a light, portable and flexible solution that nevertheless had the motor capacity to fulfill some of the toughest tasks. Easy to operate, the Miniveyor™ isn't limited to a single type of job. In fact, it is currently used successfully, worldwide, in a multitude of applications. With offices in 4 continents Miniveyor Products serve a global customer base through a worldwide distribution network.
Miniveyor Products Ltd
Oldends Industrial Estate
T: +44(0)845 0942140
F: +44 871 575 0581
# # #
Miniveyor Products Ltd is a world leader in supplying confined space equipment to the construction, mining and tunnelling industry worldwide. Our aim is to supply a customer service of reliability and satisfaction.