Lex buys Multipart for £73m
3rd August 1995, Page 6
3rd August 1995
Page 6
Page 6, 3rd August 1995
— Lex buys Multipart for £73m
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
• Multipart Distribution, the former parts division of Leyland Daf has been bought by truck retail and contract hire firm Lex Services for £73m—just two years after a part management buyout for £50m.
The deal, which includes the assumption of £1 2m of debts, came as Lex announced interim pre-tax profits of £22m, which were below City expectations Multipart has an exclusive contract until 2003 with Daf Trucks, Leyland Daf and LDV to supply parts to all 60 truck and 107 LDV dealers. The deal is not expected to affect the supply of parts.