Thursday, September 23, 2010
Autologic acquires MCD from administrators
MCD, or Mainland Car Deliveries, had been trading since 1955 and was one of the major players in the UK' vehicle transportation sector. Autologic said the business had been hit by the declining number of new cars.
"The pressures created by diminishing volumes and reducing rates, has proved too much for the business to withstand," said Avril Palmer Baunack, Autologic's chief executive.
"This is no market for the faint-hearted. Fortunately, the journey that Autologic has embarked upon over the past three years, through our own re-structuring and strong focus on customer service, has enabled our business to come through these testing times both fitter and stronger, making us well equipped to deal with the new realities that we are all facing," she said
Palmer Baunack said its immediate focus was to stabilise the MCD business and ensure that customer service is unaffected and that its operational structure remains intact.
"We are more than aware that this has been a torrid time for the employees and we will be working closely with staff and their representatives, including our colleagues at Unite, to make the transition as smooth as possible", she said.
DATED: 23.09.10
FEED: MT
