The move is set to make the two domestic market leaders the number one player in Europe for RCV production volumes with capacity to provide a full range of environmental equipment throughout the group.
Dennis Eagle chief executive Mike Molesworth has said the development will bring substantial benefits to customers of both organisations. The new business is expected to generate a turnover in excess of 400 million and form part of a larger 600 million turnover group.
The Ros Roca and Dennis Eagle businesses are complementary. Not only are both organisations domestic market leaders for RCVs in their own right, they are profitable and two of the most successful companies within the waste equipment sector in Europe. It has long been our stated intention to develop Dennis Eagle into a truly leading international concern and this latest development will help accelerate this process, Molesworth said.
Forming part of the Ros Roca Group, Dennis Eagle will join a European operation that already includes Eurovoirie in France, Schorling of Germany and Resitul in Portugal, all of whom are key suppliers of waste collection equipment within their respective domestic markets.
Dennis Eagle is set to announce 2006 as another record year for business, with Molesworth adding that profitability was forecast to increase ahead of budget.