Eddie Stobart sold for £138m
Updated on 15 August 2007
The UK's best known road haulage firm, Eddie Stobart, has been sold for £138 million.
Famous for its 900-strong fleet of green and red trucks, the company has been bought by Westbury.
The former property group now plans to transform itself into a combined transport and logistics business.
The merged business will be renamed Stobart Group, with Eddie Stobart's current owners, Andrew Tinkler and William Stobart, remaining with the enlarged group.
Mr Tinkler's 73 per cent stake in Eddie Stobart is valued at £100.7 million by the deal. Mr Stobart's holding worth just over £37 million.
The pair will own 28.5 per cent of the new company following the merger.
Eddie Stobart was founded in the 1950s and now operates from 27 sites across the UK, as well as one in Belgium. Its main bases are in Carlisle, Warrington and Daventry.
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