Waste equipment specialist, Wastech, has confirmed that the Tieman Tail Lifts and Whiting Door businesses are currently for sale, just over a year after it acquired the two.
Hallam-based Wastech Field Service – the rebranded Tieman National Service Business that was also acquired by Wastech in August 2015 – made the announcement in the Australian Financial Review on Tuesday.
According to Wastech, the sale of the business includes all inventory, sales and distribution agreements, client base, and the Tieman Brand.
Wastech CEO, Brett Jones, told Waste Management Review the sale of the Tail Lifts and Whiting Doors businesses was in line with Wastech strengthening its focus on the waste industry, and removing ‘non-core’ concerns.
“We purchased the Tail Lifts and Whiting Doors businesses when we bought the company’s National Service business in 2015. The key was to stabilise the businesses and introduce design improvements to the Tieman product,” Jones said.
“What we’re selling is a great business. It’s an opportunity for an investor to acquire quality products and a great brand, and continue focus on building the business.”
Wastech Field Service will remain unaffected by the sale.
