NSG bought by Altrad
French-owned Altrad Group has acquired NSG UK, a scaffolding subcontractor based in Deeside, for an undisclosed sum.
Altrad has acquired 100% of the shares of NSG UK, where managing director Mike Carr will remain in charge of the UK operation which has 320 employees and a turnover of £20m.
NSG UK provides scaffolding, thermal insulation, industrial cleaning and industrial painting. Altrad specialises in the manufacture and sale of scaffolding, cement mixers and wheelbarrows.
The deal brings the total number of Altrad companies worldwide to 54, the majority in Europe. Montpellier-based Altrad has made three acquisitions in the UK before: of Beaver 84, Belle and BarOmix.
Carr said: "There is a tremendous opportunity for NSG UK to continue its growth with the support of the Altrad Group. We will be in a position to release further details of our future business plans in due course."
