Bevan keeps on truckin’ with acquisition
Who?
Bevan Group, the Halesowen commercial vehicle body-builder.
Did what?
Has bought PG Reeves, a specialist supplier to the drinks industry, based in Balsall Heath.
What does this mean?
Bevan Group has paid an undisclosed sum for PG Reeves’ plant and machinery at Balsall Heath, where it manufactured truck bodies, as well as its order book. Former PG Reeves managing director Martyn Reeves will stay with the business as director for business development.
Insider comment:
Bevan Group expects turnover in some divisions to double within the next 18 months. Managing director Anthony Bevan has predicted that overall sales will increase by 25 per cent as a result of the acquisition.
He said: "We had identified the drinks sector as one that offered significant potential for growth. Now, with Martyn working to expand his already impressive customer base, we look forward to exploiting that potential."
