AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Sadler bosses' de not warning

8th December 1988
Page 12
Page 12, 8th December 1988 — Sadler bosses' de not warning
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

/ The boss leading a buyout bid at Cleveland tanker haulier Sadler Transport has warned that one of the company's two depots will close and up to 65 jobs could go if it is sold to a competitor.

Managing director Phil Gate, who is one of a team of five who want to buy Sadler from owner Kuwait Petroleum (GB), says the depot at Oldham would shut because other tanker companies already have outlets in Lancashire.

Sadler runs 93 tankers, employs 130 and also has a branch at Thornaby in Cleveland. Gate says he is "confident" the managers' offer will be accepted. Part of the deal is that the two depots will stay open and all the staff will be kept on.

He says the company has attracted interest from most major UK tanker operators and several European firms. One of these, Wincanton, firmly denies that it has made an offer, but others, including Tankfreight and United Transport, could be in the running.

Sadler Transport, whose major customer is chemicals giant ICI, claims it is the first tanker haulier to be awarded the British Standards 5750 certificate for its bulk haulage and third-party tanker cleaning operation.

It began as a tar transport company in 1868 and branched into petroleum distribution in the sixties.

Mark Wilson, of Kuwait's financial adviser Arthur Young, will not comment on whether any offers have been received for Sadler or what price the company is likely to fetch.

Tags

Locations: Cleveland

comments powered by Disqus