McCulloch, Wrench Invest In U.K. Equipment Distributor

Two familiar names, former Enodis and Scotsman Industries executives Dave McCulloch and Dave Wrench, have stepped back in the E&S world with their investment in HTG Trading Ltd.

The newly renamed HTG Investment Ltd., which owns Hubbard Ice Systems and Taylor UK, was previously owned by a venture capital consortium. Hubbard Ice Systems is the UK distributor of Scotsman ice machines; Taylor specializes in ice-cream and frozen-yogurt equipment.

Martin Wood, CEO of HTG Trading, stated, “This commitment, from two such well-respected and experienced industry professionals, underlines the strength of HTG, its brands and its business plan.”

McCulloch served as CEO of Enodis plc before carrying out a similar role at Scotsman Industries; Dave Wrench was CFO at both companies. Both retired from full-time positions earlier this year when Scotsman was sold to the Ali Group.