Rhino Products has acquired competitor company, Hubb Systems. The acquisition supports Rhino Products in the continued diversification of its product range for customers, alongside opening an even larger share of the market for its commercial vehicle accessories. For existing Hubb Systems customers, this acquisition means they will benefit from the Rhino Products Group’s commitment to product quality, innovation and industry leading service levels.
With a team of nine in-house graduate design engineers on hand, Rhino Products will gradually be introducing a select number of Hubb Systems products into its own catalogue, with a series of improvements and design upgrades already underway.
Commenting on the acquisition of Hubb Systems, Steve Egerton, Rhino Products Group CEO, said: “We are delighted to announce the successful acquisition of Hubb Systems. The Rhino Products journey has always been centred around growth and pushing forward, with our dedicated teams ensuring that any challenge is hit head on with strong drive and determination.
“The acquisition of Hubb Systems ensures that we can offer our industry leading products to an even larger share of the market, while also continuing to diversify our product range. We look forward to making a series of exciting further product announcements in the coming weeks and months. As we continue working towards our ambitious growth plans, I have no doubt that this year will prove to be another extremely exciting and successful one for the Rhino Products group, and I look forward to working with our fantastic internal teams to make 2022 a year to remember.”
Currently entering a new phase of ambitious growth plans, the Rhino Products Group has taken on a wealth of challenges for 2022. With a recently launched dedicated delivery service for customers named Rhino Express, providing next day first-class service, alongside development of new products to market in the coming months, the acquisition of Hubb Systems adds to Rhino’s roster of announcements this year.
This new acquisition into the Rhino Products Group comes as the company celebrates the fifth anniversary of its last major acquisition, AVS Steps, in 2017. This announcement follows the news that mid-market private equity firm LDC backed Rhino Group in 2020 to help supercharge its growth – a strategy that can now be seen coming to fruition.
