Product category:
Manufacturing dealerships, agencies and acquisitions
News Release from: Mori Seiki UK
Edited by the Manufacturingtalk Editorial
Team on 05 October 2005
Mori Seiki buys 100% of Fredk Pollard
Mori Seiki, Japan, has purchased 100% of the shares and assets of Fredk Pollard and Co in Leicester, UK - the new company is called MS Pollard, trading as a wholly owned subsidiary.
Mori Seiki Co, one of the worldwide leading manufactures of CNC metal cutting machines has purchased 100% of the shares and assets of Fredk Pollard and Co Fredk Pollard have exclusively represented Mori Seiki in the UK since 1983 and successfully built a customer base of around 1,000 companies with over 5,000 installations The new company called MS Pollard, which is a wholly owned subsidiary of Mori Seiki, will continue to serve and support all of the Mori Seiki and Hitachi Seiki installations in the UK through the former dealer, giving the customer the full advantage of direct contact with the manufacturer
This article was originally published on Manufacturingtalk on 5 Jun 2001 at 8.00am (UK)
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David Banham who will head the new organisation as managing director in the UK commented: "in a highly competitive environment, the ability for the customer to work direct with Mori Seiki is paramount to keeping the 'competitive edge', this will prove an exciting challenge as we continue to be committed to promoting standards of excellence." Mori Seiki, with its head office in Nagoya Japan, employs around 3,300 employees and achieved a turnover in the fiscal year 2004/2005 (ending March 31st) in excess of EUR 900 million and a net profit of around EUR 69 million.
Current joint managing director of Fredk Pollard, Simon Pollard, will continue as vice president of Sales.
In spring 2006 MS Pollard will open a new building in the Midlands and continue to develop its sales, service and spares support with the existing Mori Seiki Technical Centre in Slough. Request free introductory details about products from Mori Seiki UK ...
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