Werner^® to Acquire Youngman^®

Schaffhausen, Switzerland- Werner Access Products UK Holding, Ltd. announced today that it has reached agreement with the owners of Youngman Group Ltd. to purchase all the shares of Youngman.  The acquisition will combine Youngman’s tower and trade access products business with Werner’s existing UK ladder business, Abru, Ltd. and will be conditioned upon clearance from the UK Competition and Markets Authority.  

“This acquisition continues Werner’s expansion in the world-wide ladder and access products market” said William T. Allen, Chairman.  “The Youngman and BoSS brands are well recognized tower and trade access product brands in the United Kingdom and fit well with Werner’s existing UK ladder business.  We’re confident that the deal will benefit the industry by allowing us to offer a single integrated portfolio that combines our complementary strengths – Youngman’s focus on towers and other trade products and Werner’s focus on ladders and other DIY access products”, said Mr. Allen.

The acquisition is expected to be completed in the Fall of 2014.