Cleaning & Maintenance - May 2020

Page 10


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


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



“Charities have suffered in the midst of the

10 MAY 2020