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T.D.G. Buy Smith's of Eccles

28th December 1962
Page 7
Page 7, 28th December 1962 — T.D.G. Buy Smith's of Eccles
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THE Transport Development Group I has bought the old-established Lancashire haulage concern, Smith's of Eccles Ltd., Urrnston, and its two subsidiary companies, thus adding about 200 vehicles to those controlled by T.D.G,

Smith's operate principally in south Lancashire, London and the Midlands, but have a sizeable Continental business. The subsidiary companies, wholly owned by Smith's, are Mountfield Contracts Ltd. and its associated engineering and haulage company, Mountfield Transport and Engineering Co. Ltd., of Barking, Essex. Many of the 200 vehicles , run by the Smith's companies are designed for special traffics and include a. wide range of tankers (some of them pressure vessels) and low-loading semi-trailers. Much of their Continental work, which is operated through Tilbury, is in machinery and other heavy loads requiring special trailers, and they also carry abnormal and indivisible loads in this country. They have a sizeable longdistance smalls traffic, mostly serving the Midlands.

Smith's run a contract hire fleet as well. . A total of £379,853 was involved in the transaction; £120,796 was paid in cash, there was an allotment of 186,288 Li T.D.G. 6.per cent second preference shares, 'and 104,787 T.D.G. 5s. ordinary shares. The entire issued share capital of Smith's of Eccles has been acquired. The present managing director of Smith's, Mr. R. W. Rouse, will continue to direct the company, and the Transport Development Group states that its intention is to maintain the service and traditions of the existing cornpanies

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People: R. W. Rouse
Locations: London

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