Coal Products set to snap up Anglo Coal from Anglo United
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• Two haulage businesses with combined fleets of more than 300 vehicles are expected to ioin forces this week, if
Chesterfield-based Coal Products agrees to buy Anglo Coal from Anglo United for -£26m.
Both companies are expected to ratify the deal at extraordinary general meetings this week.
The deal includes Nantwich-based bulk tipper operator Anglo Distribution and retail fuel distributor Charringtons Solid Fuel of St Ives, Cambs.
Both firms will continue to operate independently, says Coal Products' marketing director Bill Clarke. Anglo Distribution already has contracts with Coal Products but the deal gives the fuel manufacturer its own transport arm for the first time, says Clarke.
The purchase also includes a wholesale coal product sales division: it follows seven months after a failed £52m bid by United for Coal Products which was instead bought from British Coal in a management buyout.
Anglo Distribution has 80 bulk tippers operating out of seven UK depots and includes more than 50 dedicated subcontractors in Anglo colours as well as 30 owned vehicles and other retained hauliers.
Anglo's distribution director Jim Weir says his operation has diversified significantly in recent years and provides large numbers of independent operators with work through agricultural, building products and mineral distribution contracts.
He expects this situation to continue.
Charringtan's 200-strong fleet, which is dominated by 7.5-tonners, operates from 34 depots delivering to retail outlets around London and the South-East.