JLG and Riwal owner ProDelta are to wind down their jointly held aerial lift and telehandler re-rent business RiRent Europe.

RiRent operates from Riwal premises in Dordrecht, and has offered a full range of JLG aerial work platforms and telescopic material handlers on a wholesale rental base for well over 10 years.

The business was established by the owners of Riwal – which originally comprised members of the Schalekamp family and Doron Livnat, but is now exclusively owned by Livnat’s Pro Delta Investment Partners – and JLG, which each holding a 50 percent stake. Ri-Rent took over from an earlier wholly owned Riwal re-rental operation in order to expand at a more rapid rate and was responsible for some of JLG’s largest orders in the mid-2000s.

RiRent will now focus on existing contracts and cease to accept new clients, but will continue to operate for at least as long as there are existing rental contracts in force. These contracts shall be managed in the normal course of business, until their natural expiration.

In a joint statement Karel Huijser JLG’s managing director Europe region and ProDelta chief executive Willem Ledeboer said: “After a longstanding relationship of more than 15 years of cooperation in the RiRent business, today’s market circumstances as well as the market position and operations of ProDelta and JLG have changed significantly requiring us to re-focus our business efforts. JLG and ProDelta will continue to offer their services to their respective customer bases independently and we shall continue to collaborate as good business partners.”

Source: Vertikal.net (17 Jan 2014)