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RPM buys part of Yeates

22nd March 1990, Page 17
22nd March 1990
Page 17
Page 17, 22nd March 1990 — RPM buys part of Yeates
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Which of the following most accurately describes the problem?

• w S Yeates, one of Britain's biggest PSV distributors, has been sold to VL Bus & Coach, the marketing company for both Volvo and Leyland Bus. VL Bus and Coach says that a stand-alone company, Yeates Bus & Coach Ltd, will continue to sell buses and coaches at its Loughborough and Salisbury sites.

Charles Yeates, chairman and chief executive of W S Yeates, joins the board of Yeates Bus & Coach as a nonexecutive director.

Sandy Glennie, managing director of VL Bus and Coach, is acting as interim managing director, while Tony Harvey. VI, coach sales manager, becomes sales director for the new company.


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