C&M INDUSTRY NEWS
Churchill commits to future investment Leoch acquires with backing from ESO DBS Leoch LEOCH, one of the world’s largest battery manufacturers and listed on the Hong Kong stock exchange, has announced an agreement to acquire a 100% stake in DBS Leoch, a leading UK battery specialist. The new company, Leoch Battery UK Ltd, will become the UK subsidiary of Leoch International. This agreement will enable Leoch to significantly grow its battery business from the industrial and leisure sectors in the UK. Leoch previously invested in DBS Leoch in January 2018. Prior to that agreement, the CHURCHILL Group has received an investment
our valued clients across all sectors.”
former DBS Energy company had supplied
Stephen Edwards of ESO Capital said: “We
Leoch batteries to the UK market for seven
the provider of flexible capital solutions to
are delighted to be backing such a high-quality
years. The new Leoch UK business will be
European SMEs. The investment will provide
company. Phil Moxom and Joel Briggs have
based in Market Harborough, Leicestershire
institutional capital and support for the
built an incredibly successful business and
and will continue to employ all 20 DBS
organisation as it continues its programme of
we look forward to working with them over
Leoch staff.
investing in its people, its innovations and its
the coming years. We have been particularly
service delivery in line with its values to ‘always
impressed with their high levels of customer
do right’, ‘always seek better’ and ‘always put
service and their forward thinking approach
people first’.
to the technology-led changes in the industry
from ESO Capital Partners UK LLP (ESO),
Churchill Group’s Joel Briggs said: “It was
through their online platform, Mo:dus. We are
hugely important for us to find a partner that
confident our expertise in supporting high-
shared our vision for Churchill. ESO’s backing
growth companies will benefit Churchill as we
will greatly support our values, business goals
work with them to develop the business and
and our rapid and resilient growth. With an
support its future growth.”
institutional partner on board, we will be able
ESO will take a minority stake in the business Fred Hapiak, president of Leoch
to focus on our strategic priorities of people,
and both Stephen Edwards and Stuart
the environment and digital transformation and
Hamilton of ESO will join the Churchill Board.
International Holding Ltd, said: “We
continue to build sustainable relationships with
WWW.CHURCHILLSERVICES.COM
are extremely focused on growing our
CHSA donates £5000 to charity despite cancellation of gala ball
business in the EMEA region and the UK in particular, and providing the best service to our customers in many sectors, from lead batteries to li-ion batteries for leisure, automotive, UPS, telecom, renewables,
DESPITE having to cancel its annual charity
cancellation of events like ours is having
and industrial applications. Our further
gala ball, which was to take place in April, the
an impact so we took a decision to make a
investment in Leoch Battery UK Ltd will
Cleaning & Hygiene Suppliers Association
donation of £5000 now.”
allow us to increase our penetration in the
(CHSA) is donating £5000 to the chairman’s charity, Grief Encounter. Every year, thanks to the generosity of members and their guests, the CHSA raises thousands of pounds for the chairman’s charity
The Gala Ball has been re-scheduled for 23 April 2021 at the De Vere Staverton Estate. The donation being made now is an advance on the sum the CHSA expects to raise in 2021. Richard Fogelman, chief executive officer of
UK market and provide more added value services to our clients in the region.” Henry James, managing director of Leoch Battery UK, added: “We’ve been selling Leoch’s industry-leading battery range for
at its gala ball - in 2019 the CHSA raised £8000 for
Grief Encounter, said: “This is truly amazing.
almost 10 years now and the technology
Grief Encounter. The social distancing essential
Thank you. At a time when demand is higher
has proven to be particularly successful for
to tackling Coronavirus meant this year’s gala
than ever and donations will be decreasing,
UK customers. We’re delighted to become
ball has been cancelled so the CHSA took action.
this has come as a most welcome surprise.
a wholly-owned business within the Leoch
We really can’t thank you enough for all your
International group and look forward to
coronavirus pandemic,” said David Garcia,
support, from everyone at Grief Encounter,
helping it to achieve its goals in the UK and
vice president of the CHSA and the driving
really incredibly.”
European markets.”
force behind the association’s gala ball. “The
WWW.CHSA.CO.UK
WWW.LEOCHBATTERY.CO.UK
“Charities have suffered in the midst of the
10 MAY 2020
WWW.CLEANINGMAG.COM