Bucks investing £3 for growth
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I Bucks, the specialist distribution company, is planning to invest close to 23 million over the next two years on improving its depot network and increase its fleet size.
The company is looking to expand beyond its current distribution activities more into home delivery work, although according to newly-appointed managing director Bill Evans, it is not looking to enter the parcels business. It also wants to develop its contract warehousing.
Bucks operates from five UK depots. In April it took over a new 4,645m2 warehousing site at Maidstone. It is now looking to double
the size of this depot with an investment of 2750,000. But the biggest investment will be 21.8 million spent over the next two years on its Oldbury depot.
Bucks is planning to increase the number of depots it operates to seven with new sites in the north and south-westihome counties.
Highcare — the subsidiary of Bucks which operates a networked home delivery service for furniture and white goods has expanded well since its launch in January. It has won major contracts with Habitat and is expected to have a 22 million turnover for 1986.