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Haulage firm bought out

Written by Lautaro Vargas

Tuesday, 30 October 2007

Taygroup plc, the Bedfordshire based independent haulage company, has undergone a management buy-out in an £8.75m deal funded by The Royal Bank of Scotland and assisted by Cole Associates and Dow Schofield Watts LLP. The MBO was led by sales director Jon Wright, who becomes the group’s new MD and operations director, Lloyd Dennaford. The pair have acquired the shareholdings of chairman Nicholas Taylor and Paul Craven, the financial director. Taygroup specialises in distribution and warehousing services for a blue chip client base that includes the likes of Ikea, Tesco, Cereal Partners UK and W Jordan (Cereals). The group comprises of Taylored Lines, Beeline Transport & Distribution and The Jolly Big Shed Company. Its headquarters is in Biggleswade. Taygroup was established in 1993 and employs 133 people.

 

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