1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140 
Gregory Distribution parent snaps up Kay Transport
Page 9
If you've noticed an error in this article please click here to report it so we can fix it.
PLYMOUTH-BASED KAY Transport has been bought by GDL (Holdings), parent company of Gregory Distribution, from co-owners Steve and Sheila Winzer for an undisclosed sum.
Kay Transport employs approximately 140 people at its base in Plymouth and depots in Newton Abbot, Devon. and Gloucester. In its most recent accounts filed with Companies House, the business achieved a turnover of £11.6m and a pre-tax profit of £205,225 for the 12 months ending 31 January 2008.
The company, which was founded in 1978 and is a member of the Palletways network, will continue to trade under the same name and in its familiar red livery.
In a statement, Steve Winzer (pictured left with John Gregory) says: "I see the sale to Gregory Distribution as a positive move for my business; being part of a larger organisation without losing its identity is good news for both customers and staff."
Winzer will stay as a consultant to the firm. Andy Walker, managing director of Gregory Distribution, tells CM: "The management team will stay in place and we will take it forward from there. Kay will work well alongside our existing business; it has a very good reputation in the South-West and we are strong in this part of the world."
He adds that while times are tough for the logistics industry he is -always on the look-out for opport unites" to add to the business.