Belfast Telegraph

Belfast firm Hireco set to go the extra mile with £2.3m expansion

By Jamie Stinson

Belfast trailer hire firm Hireco is adding 30 new lorries to its fleet as part of an overall investment of £14m this year.

The £2.3m deal for the Mercedes lorries is the latest expansion the firm has undergone in the last few months, following a £4.6m investment in March.

And it comes just weeks after Hireco revealed it was adding 400 new trailers to its fleet in a deal with Co Antrim manufacturer SDC, worth around £8m.

The firm provides rental, leasing, and breakdown service for trucks and trailers, and employs around 100 staff throughout its UK and Ireland operations. It now has more than 5,000 vehicles in the UK and Ireland.

Hireco's national maintenance manager Sam O'Prey said the latest deal comes after the firm "recently announced the purchase of 1,600 new trailers".

"Our success has been down to the quality of service we provide to our customers, and always being prepared to go the extra mile," he said.

"As a result, those same customers are asking us to extend our trailer rental service to include truck rental, and we are delighted to announce that we are taking their suggestions forward on a large scale."

The company was initially founded in Dublin in the 1970s, before setting up a Northern Ireland operation, Hireco NI, 30 years ago.

In March, the firm announced two major deals which has allowed significant growth. The first saw the trailer hire firm add 400 units after signing a deal with Co Antrim manufacturer SDC Trailers, worth around £8m.

This deal was built on the back of a strong working relationship between the two companies, with Hireco purchasing £10m worth of trailers from SDC last year.

Later that month, the Belfast firm expanded its fleet of vehicles after receiving a £4.6m investment.

The new deal includes 20 box vans and fridge trailers from two German firms, but the majority of the investment is from a £3.5m deal for trailer from English manufacturer Dennison.

Hireco director Tony Wan said in the wake of the deals: "Continually investing in our fleet allows us to offer a high standard of service to our customers and be competitive in the equipment rental industry.

"Our companies' growth is now significant, and our ability to meet customer requirements in today's market with a minimum of fuss and excellent logistical strength is a source of growing pride across our growing retinue of staff."

Belfast Telegraph