AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Dyson takeover deal

19th January 1980
Page 22
Page 22, 19th January 1980 — Dyson takeover deal
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

THE LIVERPOOL-based trailer manufacturer R. A. Dyson and Co is being taken over by commercial vehicle distributor, the Ryland Group.

Athough Ryland's cash offer per share is low the Dyson directors, who hold more than 50 per cent of the share capital, have already accepted the offer, and it was expected that the minor shareholders would also agree.

In the six months to September 30 1979, Dyson had a deficit of -£181,000 and its main creditor, the Midland Bank, was on the point of calling in a receiver when the Ryland offer was made.

Dyson, established in 1840, is well known for its heavy duty low loaders and trailers, although now the range also includes lightweight semitrailers and drawbar trailers. Much of Dyson's deficit can be attributed to the failure of exports, particularly to the Middle East in recent years, and to the engineering strike.

Ryland's managing director Bill Whale told CM that his company primarily aimed to improve the marketing of Dyson trailers by using Ryland's established retail sales network.

He said that Dyson trailers would probably become available from some of Ryland's branches.

Tags

People: Bill Whale
Locations: LIVERPOOL

comments powered by Disqus