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Hyquip
History (1977 to Present)
The
origins of Hyquip Limited belong to a company once known as Production
Equipment Limited (originally named Production Equipment Hydraulics
Limited and also known as PEH or PE) which was founded in 1977.
From inception the company enjoyed considerable growth and success
under the entrepreneurial leadership of Edward Lomax and Terry Holt,
the original founders.
Between
the years 1977 and 1995 the company remained a single site organisation
serving the North of England as a hydraulic and standard parts distributor,
and a hydraulic systems integrator.
In
1995 Paul Taylor was appointed Business Development Manager with
responsibility for all marketing communications at both an operational
and strategic level. Over the next 3 years (1995-1998) the company
evolved three divisions, a national presence with three geographical
sites and a sales turnover in excess of £5.5 million. The
company had effectively doubled in size over a three year period.
Acquisitions included Partridge Hydraulics & JV Hydraulics in
the south of England. This success was attributed to many factors
including a targeted marketing focus and the involvement of key
people. Throughout this period Kathy Yates was the Operations Manager
and responsible for group distribution and the successful integration
of new acquisitions.
In
February 1998 succession planning led to the company being sold
to an MBI. The new incumbent senior management team quickly acquired
another company, Hasco Hydraulics Limited, resulting in a national
operation with a turnover approaching £7.5 million. In March
2001, the original company now burdened by acquisition debt and
a return to recession within the manufacturing sector went into
administrative receivership; this resulting in a major opportunity
for two long serving dynamic employees; Paul Taylor and Kathy Yates.
On
the 4th April 2001 Paul Taylor and Kathy Yates founded Hyquip Limited,
a new company with the backing and support of the original founders,
suppliers, customers and key employees alike. Once again, Hyquip
Limited is an owner managed company leading the way in its specialist
field of Hydraulics and Standard Parts. With year on year organic
growth, Hyquip has a depth of technical expertise, a team of motivated
employees and a product portfolio second to none.
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