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Harvest rescued by mystery owner

2th August 1990, Page 14
2th August 1990
Page 14
Page 14, 2th August 1990 — Harvest rescued by mystery owner
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Which of the following most accurately describes the problem?

• Troubled Harvest Group. run by former Young Entrepreneur of the Year Gary Rees, has a new owner.

But Rees, who still works for the North London-based transport and packaging company, will not give details of the takeover, although he confirms he is no longer managing director.

Commercial Motor understands that Harry Bloch is the new managing director of the firm, which is now called Flowtown trading as Harvest Processing.

Harvest went into receivership in June blaming the effect of high interest rates. It turned over £3m last year with contracts from C&A, Marks & Spencer and the Burton Group, from depots in London and Bradford.