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Cave Wood takes control

11th October 1986, Page 14
11th October 1986
Page 14
Page 14, 11th October 1986 — Cave Wood takes control
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Which of the following most accurately describes the problem?

• Cave Wood Transport is to take control of Calberson (UK) in a move which follows the management-led buy-out of Cave Wood in September last year.

At that time Calberson (UK)'s parent company, the French Calberson Group, bought a majority stake in Cave Wood.

The plan then was for Cave Wood to operate in parallel with Calberson (UK), but that plan has been revised and Cave Wood will now be responsible for all Calberson (UK)'s business.

A Cave Wood spokesman says the move will help his company provide an improved freight forwarding service to the continent. Cave Wood will link with Calberson International in France, and will utilise Calberson's network of agents around France and Belgium.