Evan Evans sells out
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• It was announced last week that Barr and Wallace Arnold Trust, of Leeds, had purchased the Evan Evans group of coach operators in London. The business of this well-known independent was acquired for a consideration "which will be determined in the light of the assets and liabilities, but which will not exceed f22,500".
Evan Evans has a fleet of about 60 coaches, including special Commer minicoaches, and two special executive coaches fitted-out with lounge areas, cocktail bars and coffee machines. Similar coaches are on order for delivery this year.
Mrs. Evans told CM on Monday that the sale had been a voluntary one. The £22,500 paid by Wallace Arnold represented the value of the shareholdings. Mr. D. Gwyn Evans, managing director since the death of his father, is leaving the business, although his wife is remaining as a director. She said that, although it was rather early to determine final arrangements, the company was likely to retain its identity.
Wallace Arnold, which also operates executive coaches, "was gaining the advantage of Evan Evans special coaches", said Mrs. Evans.