Dormole Ltd, owners of ForgeFix, has continued its policy of investing in independent suppliers to the tools and fixings trade by taking a majority stake in Harrison & Clough (H&C), the fixings and fasteners wholesaler based in Keighley, UK.
Michael Brown, managing director of Forgefix – who also led the discussions with H&C – commented: “We have long been admirers of H&C who have developed several market leading brands such as MetalMate, MasonMate and TimberMate that all complement our existing ranges and we believe that by combining resources we can greatly improve our offering to customers.”
Mark Hutchinson, H&C managing director, commented: “As an independent, privately run business it has become increasingly difficult for us to maintain the level of investment that is required to develop our ranges and services in the way that we want, and the market demands. Therefore, the opportunity to join the Dormole group, who share our values and ambitions, is ideal.”
He continues: “We have seen the way they have invested in companies such as Forgefix, Olympia, and BIZ, and have been impressed by how they have grown those businesses. We are all really excited by the opportunities this collaboration will bring for all stakeholders ¬– customers, suppliers and colleagues”.
Michael Brown continued: “I am absolutely confident that this investment is an excellent fit for all involved and will enable us to improve our offer to our customers whilst at the same time providing a very positive future for the H&C and Forgefix teams.”
He added: “The management team at Keighley will continue to run the business with the additional backing of the resources and support of the Dormole group.”
Will joined Fastener + Fixing Magazine in 2007 and over the last 12 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
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