Component and axle plants merge
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• The final chapter in the selloff of Leyland Daf closes this week as component manufacturer Albion Axle and Leyland Component Plant combine to start business as £30m turnover Albion Automotive.
The £12m managment buy-in will supply truck and van axles to Leyland Trucks and Leyland Daf vans—both acquired by their management teams earlier this year—and driveline components to Daf NV.
Management at the new Glasgow and Leyland-based sites are also negotiating with the receivers of Leyland Daf, Arthur Anderson, to buy the crankshaft manufacturing business currently undertaken at Leyland Component Plant.
Leyland Daf went into receivership in February and since then its truck, van, parts and marketing businesses have all been sold.