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HDL starts on buying trail

26th April 1990, Page 17
26th April 1990
Page 17
Page 17, 26th April 1990 — HDL starts on buying trail
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Which of the following most accurately describes the problem?

• HDL Engineering has bought the assets of EM Trucks in Leicester — the first acquisition since its management buyout from Hillsdown in January (CM 25-31 January).

The 80,000m2 workshop, which will lose the name EM Trucks, also includes a parts factoring operation. This will now be called Merradell 'Truck and Bus Parts. EM Trucks had an annual turnover of £750,000.

HDL Engineering managing director Paul Clarke says takeover deals are also beitig negotiated in Leeds and London. The company plans to establish a network of 36 commercial vehicle repair workshops throughout the country.