Jeffs in Takeover Deal
Coach firm Jeffs has been taken over by one of Britain's biggest
bus operators.
The move sees Helmdon-based Jeffs become part of L.F Bowen
Ltd., a subsidiary of the Moseley Group (PSV) Plc, of Loughborough.
Jeffs, established almost 50 years ago, operates a large fleet
of buses and coaches from four depots - at Helmdon, Buckingham,
Greens Norton near Towcester and Witney.
The firm is engaged in private hire, group tours, contract
services, and local bus routes. Jeffs also operates a coach
tour and excursion business from its retail shop in Parson's
Street, Banbury.
Former owner Ken Jeffs, 72, will stay on as a director of
the company. He said: "With no family continuity and
given my age, I was anxious to secure the future of the business
and I am delighted to have reached an agreement with the Bowen
Group."
Kevin Lower, chief executive of the Bowen Group, said Jeffs
would operate as a separate coach company within the group
which includes Bowens, Yorks Coaches in Northampton, and Appleby's
Coach Holidays in Lincolnshire. The group runs more than 150
vehicles.
The Banbury Cake - 23rd December 2004
|