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October 2002

Power Jacks Expands by Acquiring Youngs

Power Jacks Ltd, The UK’s largest manufacturer of worm gear screw jacks and actuation systems, is pleased to announce the acquisition of all of the intellectual property rights of West Midlands competitor YOUNGS LIFTING that has gone into receivership.

Youngs Lifting product portfolio included worm gear screw jacks, hydraulic rams, hydraulic jacks, rail benders, re-railing equipment, cable drum jacks, worm gear winches, wall hoists, and other mechanical and hydraulic jacking solutions.

Power Jacks intends to consolidate the Youngs Lifting range of worm gear screw jacks with its own extensive range, while still offering existing Youngs Lifting customers the opportunity to purchase replacement or alternative screw jacks. In addition to this the company plans to offer all of its customers access to the complete range of Youngs equipment.

With the addition of the Youngs Lifting product ranges, Power Jacks reinforces its position as a market leader for actuation, jacking and lifting solutions.

Commenting on the acquisition, Bruce Bultitude, Managing Director of the Power Jacks Group, said:
"Although Youngs were a competitor, it’s still sad to see the demise of yet another quality British engineering company. Youngs had been manufacturing lifting equipment for British industry since the 1850’s. Their designs will not be lost however, as Power Jacks is more than capable of producing their complete range of products"

Power Jacks is based in Fraserburgh, Aberdeenshire and has been manufacturing industrial lifting equipment for almost 100 years. The company employs 80 personnel with revenues in the region of £7m. It exports to over 40 countries through a network of overseas distributors. Earlier this year Power Jacks acquired Precision Actuation Systems Ltd, Fortune Engineering Ltd and Neeter Drive Ltd.

Power Jacks is a leading manufacturer for precision linear actuation, power transmission and mechanical jacking. The company is based in Scotland where its history for supplying high quality engineered product dates from 1903. The product ranges are detailed on the website www.powerjacks.com and include screw jacks, electric linear actuators, mechanical jacks, bevel gearboxes, planetary roller screws, reduction gearboxes, winches and rotary unions. They can be supplied worldwide singularly or as complete systems, whether in standard or specially engineered designs.

Bruce Hamper
Customer Service & Marketing Director
Power Jacks Ltd.
Balmacassie Commercial Park
Ellon,
AB41 8BX
Scotland (UK)

Tel: +44 (0)1358 285100
Fax: +44 (0)1385 724105
Email us
www.powerjacks.com