Outback Holdings Acquires Slick Systems

The manufacturer of one of the most popular forms of rigging hardware, Slick Systems, has been acquired by one of its biggest customers, Outback Holdings. In a move that results in Outback acquiring the building, assets and worldwide manufacturing rights, the company will be relaunched as Slick (UK) Ltd, whilst continuing to operate from the Leek plant. "We’ve two main objectives with this deal," commented Outback Holdings managing director, Mark Surtees. "We initially want to ensure the continued supply of Slick to its loyal customer base, but our ultimate goal is to build the credibility of the system within the industry and to make Slick (UK) a more competitive company." No redundancies will result from the deal, although the shareholders and directors of Slick Systems will not be part of the new venture. "This is a significant move for Outback. As one of Slick’s biggest customers we understand the potential for the system. We intend to invest in its future and promote it to a wider audience," commented Surtees. Outback Holdings is the holding company for Outback Rigging, Outback Services, Trapeze Rigging and Mushroom Lighting.

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