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Seabourne's big spend

10th January 1991
Page 16
Page 16, 10th January 1991 — Seabourne's big spend
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Which of the following most accurately describes the problem?

• Seabourne World Express is planning to invest "several million pounds" in freight forwarding and courier business acquisitions over the next few years, says company secretary Don Hayes.

Seabourne sold its express

parcels business to United Parcels Service last summer (CM 31 May-6 June 1990), and the cash generated has prompted the expansion programme. It currently has freight forwarding activities in Birmingham, Glasgow and Heathrow,