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Ulm bid for LUT
Page 41
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• A 1:24-rn bid has been made by the Wigan coach-building company, Lanaten Ltd, for the Lancashire United Transport bus company. The bid has the backing of SELNEC PTA for whom Lanaten's associate company, Northern Counties Motor and Engineering Co Ltd, supplies the majority of its bus bodies.
As the largest private bus company in Britain LUT employs hundreds of men in the Lancashire area and any take-over bid would he on the understanding that there would be no sweeping redundancies, Under the terms of the proposals it seems clear that SELNEC will eventually take sole charge of the LUT routes absorbing its drivers and conductors into its own set up.
The man behind the bid is Mr Henry Gethin Lewis, director of several engineering companies including Northern Counties. Mr Lewis and his wife — joint directors of Lanaten, which was formed only three months ago — have offered to pay £2.10 for every £1 LUT Ordinary share and 75p for each £1 six per cent cumulative preference share.
This means a sum of £2-fm will be handed over if and when the deal goes through: CM understands that the LUT directors have already agreed to accept the offer for their own shares. SELNEC owns 8.4 per cent of the LUT ordinary stock and has agreed to sell its holding to Lanaten. It will also be giving financial backing to the Wigan company to help in its take-over.
If LUT sells out it is understood that SELNEC and Lanaten will discuss the agreement whereby LUT provides some services within the SELNEC area. The latter will also have the option of buying up the LUT assets after December 31 1975 for
the same price as Lanaten has offered to pay. This has had speculators wondering why Mr Lewis was prepared to pay so much money only to have it returned without interest after 31 years.
However, last year LUT made a profit of £176,627. more than double its 1970 total.
C. S. Jones has joined Crane Fruehauf Containers Ltd as financial director from British Leyland where he was divisional budget officer. P. J. Peyton has been appointed works director. An engineer, Mr Peyton joins Crane Fruehauf from the Ditchburn Organization, where he was manufacturing director designate, having previously served for many years within various divisions of Joseph Lucas.
David McKenna, 61, member of the British Railways Board, has been elected president of the Chartered Institute of Transport for 197273 and will take office on October 1 in succession to D. E . A. Pettit,chairman of the National Freight Corporation. Mr McKenna started his career with London Transport in 1934, later becoming commercial manager and then in 1953 chief commercial and public relations officer. He joined BR in 1955. Elected CIT vice-presidents were: G. Edney,general manager, Port of Bristol Authority: D. R. Hunter, head of physical distribution dept, ICI Ltd; H. E. Marking, chairman BEA; F. K. Pointon, executive director, NBC: R. M. Robbins, member. LTE. L. H. Smith, general manager, Leicester City Transport, Leonard Biggs, 31, an overseas applications engineer with Petters Ltd, a Hawker Siddeley Diesels company, has been awarded joint first prize of £750 in this year's Young Exporter Award competition sponsored by the National Westminster Bank Ltd. Mr Biggs was responsible for the Petter AA1 air-cooled diesel engine being selected for powering heater units used on containers carrying fruit and other perishables across Canada.
William Butler, a toolmaker at the Acton works of CAV Ltd. has won the National Suggestion Schemes Association's "Suggestion of the Year" competition. The award was based on Mr Butler's overall performance of suggestions which in the pasf four years have totalled more than -400, earning him a total of £1700 from the Lucas Group award schemes. Murray Barton Snr, chairman and managing director of Barton Transport Ltd, who has also beers acting as works manager, is relinquishing the latter appointment and is succeeded by Kenneth Barton. Murray Barton Jnr is taking over from Kenneth Barton as Buyer.
Ian J. Ogley, previously assistant to the chief engineer with Calor Gas Ltd, has been appointed fleet engineer with Mainstem Ltd.
Werner Otto Bender,46, has been appointed transport and traffic superintendent at the Newton Chambers Group Thorncliffe, Near Sheffield, works. Mr Bender joins Newton Chambers from Roe Bros and Co Ltd, the Rotherham haulage company. He was for several years transport co-ordinator with the Esso Petroleum, at Leeds and Sheffield. He succeeds Eddie Norman, Newton Chambers' transport and traffic manager, who has retired after 53 years with the company.
J. G. Slaven has resigned as managing director of Slaven Transport Products Ltd. Mr Slaven founded the company in 1968 to make components for articulated trailers, after having been with the York Trailer Group since 1960 as md of York Technical Services and latter as research and development director for the York Trailer Group. Mr Slaver told CM: "Since the Dayton Steel Foundry of Ohio acquired the majority shareholding of Slaven Products in July 1971 there has been considerable friction between the US directors and myself and this has increased to the extent that I now feel it is impossible for me to continue with the company."
OBITUARIES
We record with regret the deaths of William Partington and William Riding.
Mr Partington, 65, joined Pickfords in i 930, becoming heavy haulage manager and on the formation of Pickfords Heavy Haulage Ltd a year ago managing director of that company. He retired last December.
Mr Riding, 92, in 1924 with his son James bought a 4-ton Karrier vehicle mainly for haulage from railways and quarries in the Preston area. The company, W. & J. Riding Ltd, was taken over by BRS in 1949 and in 1954 Mr J. Riding repurchased the depot, but Mr W. Riding took no further active part. His grandsons J. H. and T. W. Riding then joined as directors.