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Hammond goes Global

9th May 1987, Page 18
9th May 1987
Page 18
Page 18, 9th May 1987 — Hammond goes Global
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Keywords : Business / Finance

• Redhill-based warehousing and haulage company C J Hammond has bought the total share capital of Global Services (Haulage), in a deal which will give the new trading company — called the Hammond Transport Group – a combined turnover for 1987/88 of over £5.5 million.

As part of the deal, described by Hammond's managing director John Davies as a straight cash purchase, Hammond gains control of Global's depots at Hemel Hempsted, Birmingham and Leeds. Work previously carried out through Global's Gravesend depot has now been transferred to Hammond's Redhill site.

Following the takeover, HTG now has over 5,5740 of warehousing space and a fleet of some 70 trucks and 50 trailers.

Vehicles based at all HTG depots will be used on local distribution work, long distance day and night trunking contracts and general haulage business. According to Davies the Global fleet of 24 vehicles (mainly 38 tonne artics), will continue to operate in Global colours in the short term.

Global's annual turnover prior to being bought out was around £2.5 million.

Among the customers currently being served by Hammond are APV International, Laporte Earths and Toyota (GB), for which Hammond distributes parts throughout the UK.


People: John Davies

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