Press Release: May 08, 2018
After months of negotiation, on 1st April ‘18 Troy UK, based in Barnstaple Devon, celebrated the successful acquisition of Rotherham based buying group THS.
This significant deal creates an independent buying group of substantial scale, and assists both organisations in creating further competitive advantage for their members in the combined challenge of competing with National rivals.
Troy is keen to preserve the well-known THS brand and maintain stability for its current membership base, so the staff team and its operations at the Head Office in Rotherham will remain in place for the foreseeable future. Rather than THS being simply consumed by Troy, changes to current practices at THS will be subject to careful consideration by the Troy board of Directors. That said, THS Tools has become very much part of the family, now operating as a division of Troy UK limited.
“Our philosophy has always been to invest strategically and responsibly. This exciting new chapter further reinforces our goal to attract the highest quality products and customer service at the best price for our valued membership, thus increasing our buying power to its optimum level. We are delighted to welcome THS to the Troy Group and look forward to prosper and grow for years to come.” Paul Kilbride, CEO Troy UK Ltd.
To read more about Troy UK please visit www.troyuk.co.uk
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