Brown Family acquires Protec SRL

01 Dec 2014

Hi-Force Group Managing Director, Kevin Brown announced, on Friday 14th November 2014, that the Brown Family, had acquired 100% shares in Milano based Industrial Tools & Services Supplier, Protec Srl, from former owners Federico Cara & Giuseppe Guerrisi, for an undisclosed sum. As part of the deal Federico Cara will step down as Managing Director, at the end of 2014 to follow other business interests and Giuseppe Guerrisi will remain with the business as General Sales Manager.

Protec Srl was originally established in 1992 and has built an enviable reputation as a highly Professional and Technical solutions based provider, of industrial tools and equipment, supported by a full after sales service package of tool repair, tool rental and on-site services. The Company name “Protec” clearly identifies with the Company core values of professional and technical support. The company is proud to represent several leading industrial brands, including: RAD, H&S Tools, Matthey Dearman, LarsLap, Equalizer International, Borkey, Askubal, Len Matec and now of course Hi-Force. Whilst announcing the acquisition Kevin Brown commented: “We are keen to see Protec continue to grow its reputation, for providing high quality products and services, to the Italian market and we look forward to continuing the excellent relationships that Protec has built, with its various principles, over the past 22 years. Protec remains a very strong brand in Italy, thanks primarily to an excellent team of highly motivated and committed employees, all of whom will remain with the business, going forward. The Protec dynamic and work ethic fits very well within the Hi-Force Group of Companies and the business will continue to follow along the proven and successful route, originally established by its founder, Federico Cara, but with the added financial support of the rapidly expanding Hi-Force group of companies.”