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Coloroll buyout secures jobs

27th September 1990
Page 16
Page 16, 27th September 1990 — Coloroll buyout secures jobs
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• The future of transport jobs at Coloroll Home Furnishings looks more settled with news of a three-man management buyout at the Lancashire-based company, which is renamed Fogarty. The company, which went into receivership in June, has continued to use distributors which include BRS Midlands, United Carriers and local owner-operators to move around 70 loads a week out of the Boston factory. Fogarty warehouse and distribution manager Pete Snell says that all transport operators have remained with the company, running 17 or so vehicles, and that work has increased since June through moving old stock. Cunningsby owner-operator Barry Johnson, who carries around three loads a week for the firm to Scotland and Wales, says he is waiting for the new Fogarty livery to go on his 7.5tonner.

Johnson, who also hauls Coloroll trailers with his artic, was return-loading for Coloroll in Scotland when he first heard the news of the company's collapse. "We've been paid since the receivers went in but I lost quite a lot of money," he says. But he is keen to keep the Fogarty work. Receivers Ernst & T Young now only have Edinburgh Crystal on their books from the Coloroll collapse; a buyer is being sought.