Merino are delighted to announce a new addition to the portfolio with the acquisition of Stacatruc. Established for over 40 years and headquartered in Berkshire, Stacatruc Limited is a forklift truck hire, sales and maintenance group, specialising in providing quality new and used machines, support and aftercare.
Stacatruc has been recognised as the largest Clark forklifts vendor in Europe for the third successive year. The company is also the UK’s number one vendor for new BYD lithium battery forklift trucks, which charge from flat in only 90 minutes.
Peter Venn joins the business as Managing Director, having run a number of forklift dealerships in Germany and the Netherlands over the prior 15 years. Peter will take over the exiting directors’ management responsibilities and will focus on growing the business with Merino.
Merino were supported on the acquisition by Arbuthnot Commercial Finance whom provided a full suite of lends to assist with working capital and growth.
Peter Venn, Managing Director of Stacatruc, said “I am very exciting about joining the business and working with Merino on Stacatruc. The Stacatruc team are excellent and have been very welcoming. The business has fantastic prospects.”
Ben Reavley, of Merino, said “We are very pleased to be working with Peter and to complete the acquisition of Stacatruc – which fits well with our experience, in a space that we know well. The future for the business is exciting, aligned with the structural trends surrounding e-commerce and the expansion in warehousing in the UK.”