Refuse vehicle firm Farid acquires Heil Europe
Farid is set to strengthen its position across the UK and Europe as a leading provider of refuse collection vehicles (RCV), following the acquisition of Heil Europe for an undisclosed sum.
The purchase will not only increase the product range that Farid can offer but bring together expertise in manufacturing capacity, product range and product quality.
In addition to an extended product range, customers will also have access to a larger after sales service team dedicated to waste management vehicle products.
Heil Europe, which has a stronghold in Scotland, manufactures RCVs, universal lifts, and replacement parts for the European market at its plant in Hillend.
The sale, worth an undisclosed amount, includes Heil's 9,000 square-metre manufacturing facility in Hillend, Scotland, rights to the use of the Heil brand for four years, and the use of intellectual property on Heil products.
The company will continue to operate at both of its main UK sites, with manufacturing and assembly remaining in Hillend, Scotland and Farid's base at Arundel, West Sussex remaining in operation.
Farid CEO Marco Orecchia said: "Farid and Heil recognise the importance of choice, value and the emphasis of high standards in terms of service and product quality coupled with the expectations of our customers in these areas.
"Customers of both Heil and Farid can be assured of a seamless integration in all of these aspects."