Dyson takeover deal
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THE LIVERPOOL-based trailer manufacturer R. A. Dyson and Co is being taken over by commercial vehicle distributor, the Ryland Group.
Athough Ryland's cash offer per share is low the Dyson directors, who hold more than 50 per cent of the share capital, have already accepted the offer, and it was expected that the minor shareholders would also agree.
In the six months to September 30 1979, Dyson had a deficit of -£181,000 and its main creditor, the Midland Bank, was on the point of calling in a receiver when the Ryland offer was made.
Dyson, established in 1840, is well known for its heavy duty low loaders and trailers, although now the range also includes lightweight semitrailers and drawbar trailers. Much of Dyson's deficit can be attributed to the failure of exports, particularly to the Middle East in recent years, and to the engineering strike.
Ryland's managing director Bill Whale told CM that his company primarily aimed to improve the marketing of Dyson trailers by using Ryland's established retail sales network.
He said that Dyson trailers would probably become available from some of Ryland's branches.