Kinshofer acquires New Zealand attachment manufacturer Doherty Group
Kinshofer has acquired Doherty Group, a New Zealand–based excavator attachment manufacturer. Under the terms of the agreement, Kinshofer acquired 100 percent of the Doherty Group. The entire Doherty management team will stay with the company and Doherty Group co-owner and managing director Jeremy Doherty will remain as its managing director.
"Kinshofer continues its strategy of providing the industry with a ‘one-stop-shop' solution of outstandingly engineered products to increase efficiency and, more importantly, the profitability of its customers," said Thomas Friedrich, Kinshofer Group president and CEO. "Acquiring Doherty Group was the next step in our approach to be a local manufacturer in New Zealand and Australia."
Doherty, a family business established in 2001, focuses on developing and marketing attachments and equipment that enhance the effectiveness and versatility of carriers. This is particularly important for small- and mid-sized contractors seeking high equipment utilization. The acquisition adds additional product segments to Kinshofer's range, including quick couplers, buckets and other excavator products.
Doherty will continue to develop and sell its products globally. Anticipating increased opportunity and demand, Doherty and Kinshofer will expand their sales and production staff to ensure swift integration of the products throughout both organizations.
"The concentration of knowledge and competence between our companies provides a platform and expertise that will enable rapid and responsive product development to meet new customer challenges," said Jeremy Doherty, Doherty Group co-owner and managing director. "In addition, our customers will benefit from continuing to be able to buy from the team they know and trust."
