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NEWS

23.03.2017

METRO ROD ANNOUNCEMENT

Enserve Group has completed the sale of Metro Rod Limited to Franchise Brands plc

The Metro Rod team has developed the business into a successful franchise based business operating across the UK, serving both blue chip national customers as well as the regional commercial market.

Franchise Brands plc, is listed on AIM and is a leading group operator of franchise businesses in the B2C environment.  The acquisition of Metro Rod provides a platform for growth and further expansion into the B2B market.

Early dialogue with Franchise Brands highlighted the potential of combining their business and specialist expertise with that of Metro Rod.  In terms of Metro Rod’s development and future growth, we view this is exactly the right move at the right time for the business.

The strategic rationale for the business to operate within the franchise focused environment is compelling and provides a great opportunity for the whole of the team.  We are convinced that under the specialist direction of the experienced Franchise Brands team, the business will really flourish.

Mark Perkins

Chief Executive, Enserve Group

March 2017

Metro Rod Announcement
Enserve Group has completed the sale of Metro Rod Limited to Franchise Brands plc