T.D.G. Buys Midlands Storage Group
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CONTINUING its purchases of haulage and storage concerns, the Transport Development Group on Monday acquired the issued share capital of Midlands Storage (West Hallam) Ltd. and its associated companies; Midlands Storage (Transport Services) Ltd., Alsirat Ltd., H. Tattersall (Contractors) Ltd., J. Chambers Ltd., William H. Short (Contractors) Ltd. and Bernard Swain (Transport) Ltd.
The companies, which operate about 80 vehicles, provide extensive transport and storage services for industry and at West Hallam, Derbyshire, have over 1,000,000 sq. ft. of covered warehouse accommodation.
The acquisition was made for £172,225 in cash phis the allotment of 224,050 T.D.G. 55. Ordinary shares, credited as fully paid.
Mr. Bernard Swain, the present managing director, will continue to direct the affairs of these businesses.