TDG BUYS CROW
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THE issued share capital of Crow Carrying Co. Ltd. of Harts Lane, Barking, Essex, has been acquired by Transport Development Group Ltd.
The Crow company operates 200 vehicles and specializes in the conveyance throughout Great Britain of bulk liquids and the headquarters and workshops at Barking occupy an 81-acre site. There is also a depot in Manchester.
Consideration for the acquisition comprised the allotment of 1,560,000 Ordinary shares of 5s. each of Transport Development, credited as fully paid, and payment of £278,750 in cash.
The present managing director, Mr. F. J. Reynolds, is retiring, but the company will continue under the direction of two of the existing directors, Mr. P. Reynolds and Mr. P. Reeves. It is the intention of Transport Development that the service and traditions of the Crow company shall be fully maintained.