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Bristol construction business Molson receives £6.3million funding boost

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Written by: Hannah Baker | Posted 30 July 2018 16:33

Bristol construction business Molson receives £6.3million funding boost

A Bristol construction company has received a £6.3million investment to support its growth strategy.

Molson Construction Equipment, which is headquarted in Bristol, received the funding from investors BGF to build a new national parts centre and additional depots across the UK.

The company, which provides sales and aftersales services for heavy construction equipment to the construction, quarrying and waste management industries, will work with BGF to explore further acquisitions.

Earlier this month, Molson acquired Finlay Plant Limited and its subsidiaries, securing the distribution rights for the complete range of Terex Finlay machinery for England, Wales and the Channel Islands.

Robin Powell, managing director of Molson, said: “In recent years we have been focused on expanding our presence across the UK to provide national sales and after sales services to our customers.

"We believe it is critical that distributors gain scale and offer a national service to meet the demands of today’s customers.

Read more: New business park to be built on 40 acres of land in Avonmouth

 "Customers are driving supply chain reductions and are focused on a national service level commitment. This investment will provide the opportunity to continue to add scale to our infrastructure and offering.

“We have got to know the BGF team well and are pleased to be partnering with them. This investment will enable us to implement our plans at pace, with the support of BGF and its wider network.”

Molson was founded in 1996 and now operates from depots in Bristol, Warrington, London, Kent, Stratford Upon Avon and Doune in Scotland. 

The company employs more than 200 people and has annual revenue in excess of £155m.

BGF’s Ned Dorbin said: “Molson differentiates by being a national operator for a full range of heavy equipment brands, aftermarket parts and the ability to service increasingly complex machines.

“The company’s growth has been achieved through a strong and committed management team led by Robin and Jonathan, and a focus on developing longstanding relationships with UK customers and international OEM brands.

"We’re delighted to be supporting the company’s future growth as a minority partner.”

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