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Rhino Products Group acquires competitor Hubb Systems
Rhino Products Group, headquartered in a dedicated 87,250 sq ft manufacturing and office facility in Ellesmere Port, Cheshire, has announced the acquisition of Hubb Systems.
The company says the acquisition supports Rhino Products’ continued diversification of its product range for customers, alongside opening an even larger share of the market for its commercial vehicle accessories.
With a team of nine in-house graduate design engineers on hand, Rhino Products will gradually be introducing a select number of Hubb Systems products into its own catalogue, with a series of improvements and design upgrades already underway to bring these new products in line with Rhino’s high quality and rigorous testing standards.
Rhino Products’ acquisition of Hubb Systems strengthens its overall market share and will allow it to further diversify its product range / Picture: Rhino Products
Steve Egerton, Rhino Products Group CEO, said: “We are delighted to announce the successful acquisition of Hubb Systems. 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. We look forward to making a series of exciting further product announcements in the coming weeks and months. 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.”
This new acquisition into the Rhino Products Group comes as the company celebrates the fifth anniversary of its last major acquisition, AVS Steps, in 2017. AVS is leading the way in the design and manufacturing of passenger and emergency service vehicle side steps and has excelled in terms of both product quality and reliability since being welcomed into the Rhino Group. This announcement follows the news that mid-market private equity firm LDC backed Rhino Group in 2020 to help supercharge their growth – a strategy that can now be seen coming to fruition in this exciting acquisition.