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Shipper buys haulier

3rd May 1986, Page 16
3rd May 1986
Page 16
Page 16, 3rd May 1986 — Shipper buys haulier
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Which of the following most accurately describes the problem?

• Yeoward Bros, the Liverpool shipping agency, has diversified into road haulage with the acquisition of Charles Lucy, a Birkenhead bulk liquid haulier.

With the 2600,000 deal, the name of the firm will be changed to Yeoward Bros (Tankers) Ltd and David Hoskins, an expert in tanker operation, has been appointed operations director. The Yeoward Group, estal lished in the 1890s, was at one time in ship owning and has always been heavily engaged in the Canary Islands trade.

As well as acting as agent for the weekly service to Liverpool during the Canary produce season from Novem ber to April, the group has major investment in fruit importing and distribution, in property development in the Canary Islands and in the tra vel trade, with the largest chain of retail agencies on Merseyside and a holiday cot pany called Souvenir.

David Bishop, managing director, says the tanker bus ness is a fairly stable activity offering potential for expansion. In the longer term it could prove complementary t the group's shipping activities Charles Lucy, which has a fleet of 16 tractive units and 18 tank trailers, is mainly engaged in the domestic haulagi of bulk foods.


Locations: Liverpool

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