The buy-out move was announced as Caledonia Motor Group sold off 12 dealerships for £18.8 million to Reg Vardy. The dealerships, located in the West of Scotland, North East of England and Yorkshire, the Midlands and the South East hold franchises for Renault, Citroen, Vauxhall, Honda, and Fiat and had a combined turnover of £88.2 million. The sale brings the number of Caledonia Motor Group dealerships down to 30.
Caledonia Group management buy-out from Barclay 'close'
12/02/1999 in NEWS