Celadon Group announces sale of its U.K. freight forwarding operations to Fritz Companies.INDIANAPOLIS--(BUSINESS WIRE)--May 14, 1996--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 reached a definitive agreement to sell its U.K. freight forwarding activity to ForwardAir Ltd., a subsidiary of the Fritz Companies. A 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 spokesman indicated that this sale is part of the company's previous decision to withdraw from the freight forwarding business which was treated as part of the discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. provided for in the company's December 1995 quarter results. Celadon Group specializes in long haul trucking in the United States and to and from Mexico and operates logistics activities in North and South America. CONTACT: Celadon Group Inc., Indianapolis Don S. Snyder, 317/972-7000 |
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