PRESS RELEASE
December 21 2009
HAYTON COULTHARD
GREGORY DISTRIBUTION
For nearly 25 years Hayton Coulthard and Gregory Distribution have had a close and beneficial working relationship, which was developed further 10 years ago when Gregory Distribution moved some of its fleet under the control of the Scottish operation.
It has now been agreed to further enhance this relationship by merging the Hayton Coulthard operation with Gregory Distribution’s Scottish operation to create a new joint venture company called Hayton Coulthard Transport Ltd. This company will be owned equally by Hayton Coulthard and GDL (Holdings) Ltd. Both businesses believe that the structure of this new company will create significant opportunities for development in the future.
The new company will operate within the GDL (Holdings) Ltd group of companies and continue to be run from Twynholm under the direction of Duncan Coulthard. Over time the fleet will be rebranded as Hayton Coulthard Transport Ltd, with a strong Scottish image reflecting its roots.
Commenting on the merger, Duncan Coulthard said: “I see the joining together with Gregory Distribution as providing a secure foundation for the future development of Hayton Coulthard; being part of a larger organisation without losing our identity is good news for both customers and staff in Scotland.”
John Gregory added: “With the added resources and management expertise that the wider Gregory Group will provide, we intend to build upon the strong reputation Hayton Coulthard has in Scotland.”
The parties will be progressing the detailed plans for the merger during the next month and expect to complete the arrangements on 1st February 2010. Consultation with the employees concerned at both Hayton Coulthard and Gregory Distribution in Scotland will be ongoing during this period.
Ends
Further Information:
John Gregory: 01837 82224
Duncan Coulthard: 01557 860661
About Gregory Distribution Limited
With roots dating back to 1919, Gregory Distribution Limited (GDL) is ranked amongst the UK’s most successful regional distribution companies providing an integrated transport and storage service in and out of the South West for producers of grocery products, consumer goods and industrial products.
With over 1,200 employees, the GDL group operates more than 400 vehicles and has a turnover of more than £100 million.
GDL operates three major distribution centres located at North Tawton and Cullompton in Devon, and Old Sodbury near Bristol, with transport bases at Minworth, Gloucester, Tebay, Chesterfield, Warrington and Kirkcudbright in Scotland. In addition, it operates milk collection/delivery depots at Cullompton, North Tawton, Lostwithiel, St Erth, Sparkford and Grateley.
In June 2009, GDL acquired Kay Transport, a West Country-based transport and distribution business with a turnover of around £10 million and 140 employees at its base in Plymouth and depot in Gloucester.
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