DCR completes Portable Centres acquisition
- 19 April 2022
- Posted by: Alan Feldberg
- Category: News
DCR has acquired Portable Centres, the manufacturing division of Xpress Vehicle Solutions which has entered administration.
The move increases the capabilities of DCR, enabling the manufacturing of Wheel Centres and furthering future developments.
Portable Centres design and manufacture modular buildings utilising the latest technology and material in the automotive and retail market. The move was initiated with the news of Xpress Vehicle Solutions entering administration and a deal was signed on Monday, 11 April with a social media announcement following shortly after.
Steve Barrett, MD, DCR, said: “The acquisition of Portable Centres fits into DCR’s strategy to expand our range of Alloy Wheel repair solutions and our Wheel Centres. By purchasing Portable Centres, we have not only secured the jobs of Portable Centres’ staff but now are in control of the development and manufacturing of our own Wheel Centres as well as adding an entire range of automotive modular buildings to our portfolio.
“The strategical purchase of Portable Centres enables us to develop and complement our range of Alloy Wheel Solutions, whilst also increasing future development. The move has led to further expansion for DCR with five new job opportunities being created in the Portsmouth area.
“To be able to regain control over Portable Centres after three years is a great opportunity, and gives our UK-based business the opportunity to offer a full solution to the automotive industry for alloy wheel refurbishment and repair.”