Celadon Group acquires flatbed trucking company.NEW YORK--(BUSINESS WIRE)--July 5, 1995--Celadon Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CLDN CLDN Calling Line Directory Number CLDN Claudin (gene family) ) today announced that it has acquired Cheetah Transportation of Mooresville, N.C. Cheetah, founded in 1981, operates in the flatbed transportation business and has annual revenues of approximately $25 million. Celadon celadon Chinese, Korean, Siamese, and Japanese stoneware decorated with glazes the colour range of which includes greens of various shades, olive, blue, and gray. The colours are the result of a wash of slip (liquefied clay) containing a high proportion of iron that is indicated that this acquisition will further complement its land transportation services by adding flatbed capability. Cheetah will be operated as a separate division of Celadon Trucking Celadon Trucking Celadon Trucking Services, Inc. is a truckload carrier located in Indianapolis, Indiana. It is one of the 10 largest truckload carriers in North America and is bonded in the United States, Mexico, and Canada. Services Inc. Celadon indicated that the purchase price was $5.1 million. After consideration of interest cost and amortization of goodwill associated with the purchase, Celadon indicated that it is expected that the acquisition will be accretive from an earnings per share standpoint. Celadon Group Inc. is an international transportation company with approximately 1,900 employees and facilities in the U.S., the U.K., and Mexico, as well as several overseas operations, including Brazil and Argentina. Celadon Trucking Services Inc. is a leader in truckload movements among NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's countries. CONTACT: Celadon Group Inc. Brian L. Reach, 1-800-839-4227 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion