Rydewell bounces back
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RYDEWELL Suspensions Ltd has become part of the McCahill Group of Companies in a deal finalised only last week, after several months' negotiation, reports TIM BLAKEMORE.
Transquip Ltd, the Corbybased manufacturer of heavy haulage trailers and another McCahill subsidiary, is now responsible for the engineering, sales and marketing of Rydewell rubber suspension products.
Rydewell was in serious financial difficulty, and had McCahill not stepped in, it may well have gone into the hands of a receiver.
About 20 redundancies have been made at Rydewell's Corby plant, but a spokesman for Transquip said that recently some of the staff had been taken back.
Sales and engineering staff should have no difficulty in dealing with the new product range.
The proximity of the Rydewell and Transquip factories makes it easy for staff to be moved from one to the other, as required.
The new managing director of Rydewell Suspensions Ltd is Kevin McCahill, financial director of the McCahill group and managing director of Transquip, and Les Cook is now sales and marketing director for both Transquip and Rydewell. He now has a sales team covering the UK and Ireland selling both Transquip trailers and Rydewell suspensions.
Mr Cook told CM: "The suspensions will be marketed much more aggressively than in the past, but I do not expect any immediate change in the design of Rydewell rubber suspensions. The product as it stands is highly reliable and well respected."
.However, it is possible that Transquip's computer stress analysis, which has hitherto not been available to Rydewell, will now be used to reduce the weight of the rubber suspension, without weakening it. •