Queensland-based Troncs Group is to purchase New South Wales company Careys Freight Lines. ATN understands the deal is close to
Queensland-based Troncs Group is to purchase New South Wales company Careys Freight Lines.
ATN understands the deal is close to being finalised, with a spokesman for Troncs saying there are a few issues to be sorted out before Troncs takes ownership of Careys. However, he declined to comment further on the deal, adding only that more will be known in the coming week.
A spokeswoman for Careys declined to comment on the sale.
If the deal goes ahead it will see Troncs expand its fleet into NSW. The company currently has branches across Queensland in Cairns, Innisfail, Lytton and Toowoomba. It has also opened in a branch in Melbourne.
The company boasts a wide range of services, which range from container handling, warehousing, cold storage and sugar can transportation.
According to the trucking company, it has a transport fleet in excess of 200 prime movers and 430 trailers.
The move to acquire Careys follows on from Troncs’ purchase in 2006 of North Queensland sugar carrier Johnstone River Transport, formerly owned by Australian Wheat Board (AWB). In doing so, Troncs picked up a number of key contracts includind Bundaberg Sugar and CSR.