Tele hoistin a new flag
Page 10
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FIVE SENIOR managers ha paid over £3m to buy Telehoi and two associated compani from the Rockwell Internation Corporation.
The Telehoist group, now It by managing director Pat Mt
holland, and backed, by Coun Bank and the National Westmi ster Bank, employs between 4( and 450 employees at Telehoi: Servotel Controls, and ACS E gineering plants at Cheltenhai and Southwell in Nottinghan shire.
It manufactures tipping gea bodies, access platforms, an other hydraulic equipment fc the commercial vehicle industn Mr Mulholland said last weel "We believe we have negotiate a deal which is in the best lonc term interests of the companie; their employees, and their cut tamers. We relish the °ppm tunity to operate as a totally ir dependent concern, and ar confident about the total futur trading prospects of the group.''