TVS Group, formed in 2019, consists of three specialist manufacturers for commercial vehicles: SB Components, Priden Engineering and McPhee Mixers, with headquarters in Wisbech Cambridgeshire. This is the group’s first acquisition.
TVS Group said that the acquisition strengthens and adds to the group’s market position in the UK and Europe, creating increased cross selling opportunities and the ability to share facilities broadening reach, resource and technical expertise. Wilcox is also the exclusive agent for CIFA Mixers in the UK
Wilcox operates out of a 43,000 sq. ft factory based in Market Deeping, Peterborough, and employs 100 full-time staff. The business will continue to be led by Vito Ronzano and Chris Bartlett.
The TVS Group is owned by Elaghmore, the UK-based private equity firm, and has annualised revenue of £45 million.
