Displaying items by tag: ScanChain

Poland: Denmark-based chain specialist ScanChain has announced that it will be producing and distributing chains from a new facility located in Poznan in the province of Greater Poland. The company says it has ended its partnership with a partial ownership by UK-based John King Chains.

Scan Chain said “Over the past three years we have seen a great growth in new markets. We are pleased that both ScanChain and John King Chains wish to establish a strong link going forward.”

Denmark: The UK’s John King Chains has purchased a stake in ScanChain. The purchase is in support of a takeover of the business by the sales director Kåre Söderberg, who was one of the original founders of the chain and socket company in 2009. No value for the transaction has been disclosed.

“We see this union as a logical part of our expansion strategy with reciprocal benefits. Through ScanChain we have not only gained access to the Scandinavian market, but have enhanced our commercial and technical expertise within the Group. We have always identified Kåre as one of the key operators in the chain market and an individual who is customer driven, technically competent and ambitious in his plans for the future,” said John King Chains in a statement.

David Wadsworth, the managing director of John King Chains, added that ‘…the alliance between John King and ScanChain comes at a time when there has never been such a high degree of optimism for the future of a long-established British manufacturing business and all those associated with it.’