FOURTEEN jobs have been saved in Worcester after Midland Power Distributors UK of Orchard Street was sold out of administration to a newly formed business in Derbyshire. The business and assets of the company, which supplies machinery, engines and replacement spare parts to trade, were bought by Hsc Midland Power Ltd., formed by well-established Long Eaton company The Hire Supply Company (UK).
Mark Richards, finance director of The Hire Supply Company, said: "The acquisition of MPD UK provides the HSC group with perfect synergy into a new market. Our customers will benefit from a significant investment in stock with the knowledge that a leading specialist supplier to the hire industry will be involved with the daily running of the business. The deal has saved 14 jobs at the Worcester site."
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