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Deal set to save 17 auto jobs.

A fast-growing Staffordshire-based commercial vehicle body building firm is on course to safeguard 17 jobs following a deal to acquire Car Comm Aid.

Headed by directors Russell Adams and Stuart Harle, Fast Line Bodies Ltd specialises in the manufacture of bodywork for a range of vehicles, from 3.5 tonne to 26 tonne rigid trucks and specialist trailers.

The principal shareholder, Russell Adams, is a former director of Congletonbased Boalloy Holding Limited. Russell and Stuart have used their expertise and contacts in the industry to generate a significant order book for the business since it was established at the start of 2009.

In order to support its continued expansion, Fast Line has now acquired the trade and assets of local vehicle repair and recovery provider Car-Comm Aid Limited. The deal provides Fast Line with a significantly larger site from which to operate and fulfil orders and allows the business to offer a full service to customers from initial body building to repair and refurbishment.

Fast Line is expecting to expand in its first year of trading and achieve annual sales in excess of pounds 2 million by the middle of 2010. Sixteen further jobs will be created as part of the expansion. The deal has been funded through a term loan from Lloyds TSB via the Enterprise Finance Guarantee Scheme.
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Title Annotation:Features
Publication:The Birmingham Post (England)
Date:Dec 17, 2009
Words:220
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