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Marshalls interested in taking over AWD

24th September 1992
Page 4
Page 4, 24th September 1992 — Marshalls interested in taking over AWD
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Which of the following most accurately describes the problem?

• Cambridge-based special purpose vehicles manufacturer Marshalls SPV plans to buy British truck builder AWD, which has been in receivership since June (CM 11-17 June).

Marshalls has already recruited former AWD sales and marketing director Richard Halahan as sales manager.

It is believed that Marshalls wants to buy the design rights to AWD's trucks, and take on some of the remaining workforce. If the deal goes ahead Marshalls is expected to transfer production from AWD's site in Dunstable to Cambridge, where it makes car transporters, refuse vehicles, military trucks and bus bodies.

Receiver Tony Thompson of KPMG Peat Marwick says he is talking to several companies including Marshalls, but does not expect to clinch a deal "in the short term."

Marshalls' managing director Bernard Williams has told Commercial Motor that he is particularly interested in building the 4x4 four-tonnepayload MT range which is available as a civilian and military vehicle.