PDG adds Direct Distribution to Hoco UK
Breda, Netherlands based Powersports Distribution Group (PDG) has further added to its burgeoning UK Hoco Parts operation with the acquisition of Direct Distribution.
A well-known and established UK based wholesale distributor of motorcycle parts and accessories, Direct Distribution will further strengthen the position of Hoco Parts UK "as the national distributor of premium motorcycle parts and accessories in the UK market".
Denis Brouwer, CEO of PDG, said: "Direct Distribution is the next step for our company to become the leading player in the European market. The acquisition fits perfectly into our successful strategy in growing our businesses, both organically and via acquisitions. The employees, customers and suppliers of Direct Distribution will further strengthen our already strong market position in the UK, and we will make sure that they have a warm welcome in the PDG family."
This follows four previous acquisitions in the UK. In 2019, PDG and Hoco Parts Group acquired Bradbury Brothers and Rob Hunter, followed by the acquisition of Neo Distribution in 2020 and B&C express in 2021. The combined company is trading as Hoco Parts UK.
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"The complete and comprehensive portfolio of products and services will be offered from three offices, Shipley, Lincoln and the main headquarters of Hoco Parts UK in Huddersfield".
Arno van de Glind, Managing Director of Hoco Parts Group, said: "We are very pleased to welcome Direct Distribution and its experienced team to our company and we look forward to further developing our UK presence. This is an important step in the further development of Hoco Parts Group, which we are actively expanding with a well-filled M&A pipeline in both the UK and other European national markets."
Nigel Worthington, Director and owner of Direct Distribution, added: "We are very happy that we have been able to conclude this deal. This is a great opportunity for the people of Direct Distribution and will strengthen the position of all our brands and help us to offer an even greater service to our customers."
PDG is structured with three divisions: general motorcycle aftermarket B2B distribution in the non-metric and metric motorcycle parts & accessories market across Europe with Hoco Parts and Motorcycle Storehouse; vintage parts distribution with CMS, a leading global distributor of vintage Japanese motorcycle parts and the Hobbyist, a global distributor of BMW motorcycle parts; category management with AFAM GROUP, an aftermarket supplier to worldwide motorcycle parts distributors with transmission and battery brands such as AFAM, Nitro and Shido.
PDG is majority owned by Torqx Capital Partners (Bussum, Netherlands and Antwerp, Belgium) in partnership with management and former owners.
www.powersportsdistributiongroup.com
