BEATER Manchester Transport has strengthened its relationship rith its main bus body supplier, Northern Counties of Wigan.
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A new holding company, Kinigar, has been set up and has urchased the shares of the Ddy-builder. GMT holds 49 per Kit of Kinnigar.
The present Northern Counties management has retained its interests in the new company and no change is expected in Northern Counties' or Greater Manchester Transport's policies.
Northern Counties director Henry Lewis has welcomed the development, which he says gives a measure of reassurance in difficult times.
"The investment by an associate company and GMPTE testifies to our excellent relationship with our major customer, and confirms its faith in us as a company," he said.
PTE director general David Graham said: "Northern Counties is a private company with the bulk of its shares having been held in a family trust. I understand that the independent trustee decided to sell some of the shares to obtain a better spread of investment.
We have, therefore, taken this interest in the company to secure bus body supplies by having much closer links with them."