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Giraud's slow rovvth
Page 13
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PH1LLIPE LIMBOURG, who heads up French haulage giant Giraucl International, has ruled out further UK acquisitions as he attempts to keep the firm on an even financial keel.
Giraud was sold to private investors for EfiOm following problems making bank repayments (CM 8 September).
The Paris-based firm currently has two bases in the UK — one in Stirling from its takeover of Barbour European and one in Leeds.
"At present in Great Britain we have decided not to invest in acquisitions and we have just tried
to create internal growth,Limhourg explains. 'It's quite satisfactory in Scotland but it isn't going quite as quickly as we would like in England.
"It's partly because of the way we were there — it was always designed as a means of reloading French vehicles. The market has changed now and we have to evolve. The English business isn't very big and we have to rethink and grow again.
1t is not happening now but we are working on it.
• See Phillip Limbourg interview, pages 24-25.