New owners plan to develop market-leading ice and ice cream equipment specialists
HTG Trading Ltd, the company that owns Hubbard Ice Systems and Taylor UK, has been bought by two former Enodis and Scotsman Industries directors, Dave McCulloch and Dave Wrench. HTG Trading, based in Otley, Suffolk, was previously owned by a venture capital consortium. Hubbard Ice Systems is the UK distributor of Scotsman ice machines. Taylor specialises in ice cream and frozen yogurt equipment.
Martin Wood is CEO of HTG Trading. He has also invested in HTG Investment Ltd, the company that now owns HTG Trading, and says, “This commitment, from two such well respected and experienced industry professionals, underlines the strength of HTG, its brands and its business plan.
“Hubbard and Taylor are the market leaders in their sectors. For example, in a recent survey of catering equipment distributors, Scotsman came top in the quality ice machine equipment category, while Hubbard scored well over 90% in terms of after sales support. We are already looking at ways to build on their successes to further develop and grow the company in the future.”
Previously, Dave McCulloch was CEO of Enodis plc before carrying out a similar role at Scotsman Industries. Dave Wrench was Chief Financial Officer at both Enodis and Scotsman Industries. Both retired from full time positions earlier in 2013. HTG Trading is the first personal investment that they have made in the foodservice equipment industry.
For more information on the full range of Scotsman ice machines, and details of local stockists, freephone Hubbard Ice Systems on 0800 616559, call 01473 890129, email firstname.lastname@example.org or visit www.scotsman-ice.co.uk
HTG Trading bought.docx – Oct-13
Toni Turner at The Publicity Works: 01263 761000; email@example.com
Simon Aspin, Commercial Director, Hubbard Ice Systems, 01473 892315
Separation/Inclusion charges: By email only to firstname.lastname@example.org