Kinshofer is expanding its product line following the acquisition of Doherty Group.
Kinshofer manufactures attachments for truck mounted cranes, excavators and skid steer loaders.
The acquisition of Doherty is significant for Kinshofer in two ways: first it adds additional product segments such as quick couplers, buckets and other excavator products to Kinshofer’s product line. Secondly, it improves Kinshofer’s distribution channel in New Zealand and Australia. As well, Kinshofer has now enhanced local manufacturing with its Tauranga, New Zealand and Brisbane, Australia based facilities.
“Kinshofer continues its strategy to provide the industry with a ‘one-stop-shop’ solution of outstandingly engineered products to increase efficiency and, more importantly, profitability of our customers,” said Thomas Friedrich, president & CEO of Kinshofer Group. “The acquisition of the Doherty Group was the next step in our approach to be a local manufacturer in New Zealand and Australia.”
Doherty Group was established in 1996 by Jeremy and Paul Doherty who have more than 25 years of experience in all facets of the manufacturing, construction and quarrying industries.
Doherty will continue to develop and sell its products globally. In order to meet the current market requirements, Doherty and Kinshofer will recruit more staff to ensure a swift and professional market launch of the companies’ products within either sales organization.
“The concentration of knowledge and competence will form a powerful centre for future developments of which customers can only benefit from. In particular, the combination of both product ranges will create more ground-breaking innovations for the industry,” said Jeremy Doherty, co-owner and managing director of the Doherty Group. “The whole Doherty management team, which will remain completely, is very excited to be part of this mutual future.”
Kinshofer’s and Doherty’s employees are working on the rapid integration to provide customers worldwide with their comprehensive range of products and services.
Jeremy Doherty will remain with the company as its Managing Director.