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WA Group up for sale

26th October 1989
Page 18
Page 18, 26th October 1989 — WA Group up for sale
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Which of the following most accurately describes the problem?

• Walter Alexander Group, which includes the Falkirkbased coachbuilding company, is up for sale. Coachbuilding accounts for about a quarter of the group's £100-million plus turnover. The company says that any sale would involve the freehold premises at Falkirk and Belfast, but it would prefer to sell the group as a whole.

Other businesses include filtration, fuel and do-it-yourself materials distribution, along with investments in textiles and other manufacturing interests. Though profitable, the board believes the businesses "would make more rapid progress" under new ownership.

Alexander's distribution activities include 43 tankers on fuel distribution in Scotland under the Mitchelloils and Mitchellgas banners; and Fuel Services (North East and North West) in England. The Domcraft subsidiary distributes wholesale DIY supplies to outlets within 200km of its Speke, Liverpool warehouse. 0 Walter Alexander has won an order from the Stagecoach group for 100 midi bodies on Mercedes 709D chassis. It is also supplying Stagecoach with 30 double-deck bodies on Leyland Olympian chassis.

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Locations: Falkirk, Belfast