Deeside based forklift truck company ready to drive business forward following management buy in
Deeside enterpize zone based forklift truck specialist has benefited from a recent management buy-in thanks to a loan from Finance Wales
Hannaman Material Handling, formerly Hannaman Engineering, is a forklift truck services company specialising in hire, lease, sale and repairs.
The business is based in the Deeside Enterprise Zone, fast becoming a centre for advanced manufacturing and technology excellence in Wales.
A loan from Finance Wales has enabled local businessman, Steve Downey to undertake a management buy-in of the company.
“Hannaman started out as a family run business 38 years ago. Today it has an impressive customer base as well as an excellent trading history. Key to this longevity has been its excellent reputation which has been built up by ‘word-of-mouth’ over the years.
“With Finance Wales’ backing we are now in the exciting position to drive the business forward with a new growth strategy. This includes expanding our supplier base of forklift truck and industrial floor care equipment manufacturers and moving into new products and services in fleet management systems, racking solutions and training.”
“Being based in a manufacturing hub like the Deeside Enterprise Zone is an ideal location for us and we’re keen to make the most of new opportunities throughout Wales and in particular the Deeside and Wrexham areas as well as from our existing client network,” explained Downey.
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