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Trailor buys Peak

6th July 1973, Page 21
6th July 1973
Page 21
Page 21, 6th July 1973 — Trailor buys Peak
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Which of the following most accurately describes the problem?

• Peak Commercial Vehicles Ltd, the trailer manufacturer, has been sold to Trailor SA, the French subsidiary of the American Group Pullmann Inc.

Peak, which claims to be the third largest manufacturer of trailers in the UK, will now offer Trailor products through its distributors. Trailor which holds 30 per cent of the French market has paid £130,000 for the assets of Peak, .£125,000 for goodwill and has undertaken to pay off a loan of £147,000.

It is understood that neither the staff of Peak nor its range of products will be affected by the takeover.

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