The Rhino Products Group has acquired rival firm Hubb Systems, further strengthening its leadership position in the commercial vehicle accessories sector.
Rhino said the deal would enable it to provide its products to an even-larger share of the market, while also adding to and diversifying its product range base.
It’s the latest work by Rhino to continuously innovate its solutions and services – the business also recently established its new Rhino Products Express delivery service.
Steve Egerton, Rhino Products Group CEO, said: “The Rhino Products journey has always been centred around growth and pushing forward, with our dedicated teams ensuring that any challenge is hit head on with strong drive and determination.
“The acquisition of Hubb Systems ensures that we can offer our industry leading products to an even larger share of the market, while also continuing to diversify our product range. As we continue working towards our ambitious growth plans, I have no doubt that this year will prove to be another extremely exciting and successful one for the Rhino Products group, and I look forward to working with our fantastic internal teams to make 2022 a year to remember.”
Under the deal, Rhino will begin to incorporate some Hubb Systems products into its products catalogue, supported by its inhouse team of nine design engineers, which are currently working to ensure the products meet Rhino standards in terms of reliability and testing.
New production lines for these products will be set up at Rhino’s Deeside factory, which also houses its sister company, AVS Steps. The group will also recruit new employees to accommodate the additional workflow.
This new acquisition into the Rhino Products Group comes as the company celebrates the fifth anniversary of the AVS Steps acquisition in 2017 – its last major deal.
It also follows the news in 2020 that mid-market private equity firm LDC backed Rhino Group to help supercharge growth.
