BREAKING: French Group accelerates UK market penetration with acquisition of Mangar Health
British-based inflatable lifting and bathing device manufacturer and supplier Mangar Health has been acquired by the Winncare Group, as the French organisation seeks to accelerate its reach into the UK market, particularly in the community and care home sector.
Established in 1981 by David Garman in the Welsh village of Presteigne who created the world’s first powered, portable bath lift before expanding into inflatable moving & handling equipment, releasing popular products such as the Camel and Elk lifting cushions.
In 2014, David stepped aside as owner after a speculated £9million management buy-out, with the company enjoying a sustained period of growth over the following four years.
The acquisition of Mangar Health will now see Winncare continue its European growth ambitions, providing the ability to service new healthcare markets such as emergency services, whilst also benefiting from the British manufacturer’s international distribution network in America, Canada and Australia.
Additionally, the purchase will allow Winncare to fast track entry into UK markets where Mangar has established relationships with care providers, local authorities, ambulance services and care homes.
“Mangar Health provides an exciting opportunity for Winncare and specifically our products that target community and care home customers,” commented Philippe Chêne, President of Winncare.
“The additional capabilities strengthen and extend the services Winncare are able to offer in the UK and our combined portfolio means we can offer a complete solutions-based approach.”
Winncare’s acquisition of Mangar is the Group’s second acquisition of a moving & handling company in recent years, having acquired Danish hoist manufacturer Ergolet – now Winncare Nordic – at the end of 2015.
The Mangar deal, for an undisclosed sum, was backed by French investment company IDI, and comes on the back of a year of impressive growth for Mangar Health, with the Welsh firm now planning European expansion.
Simon Claridge, CEO of Mangar Health who will now head up Winncare’s UK operations, said: “Mangar Health returned growth of more than 16 percent last year and we have identified significant opportunities moving forward, supported by the Winncare name and presence in Europe.
“We now have an expanded portfolio of products to introduce to our customer base and the Mangar team are enthusiastic about the fantastic potential because of this acquisition.”
Simon will be supported by the current Mangar management team; Finance and Operations Director, Craig Butcher, Commercial Director, Andrew Macphail and Marketing Director, Clare Birt.
Marshall Reid, Managing Director of Winncare UK/Ireland will work closely with Philippe & Simon on integrating Mangar & Winncare businesses before moving to corporate functions for the Group, reporting to Philippe Chêne.