Celadon will buy BMC assets

Truckload conglomerate Celadon Group is buying certain assets from bankrupt Burlington Motor Carriers (BMC), which filed for Chapter 11 protection in July of last year. Celadon wants to buy tractors and trailers, customer contracts and lists, office equipment and other items from Foothill Corporation, a secured lender to Daleville, IN-based BMC. However, Celadon must await bankruptcy court approval

Truckload conglomerate Celadon Group is buying certain assets from bankrupt Burlington Motor Carriers (BMC), which filed for Chapter 11 protection in July of last year.

Celadon wants to buy tractors and trailers, customer contracts and lists, office equipment and other items from Foothill Corporation, a secured lender to Daleville, IN-based BMC. However, Celadon must await bankruptcy court approval for the sale.

Should the purchase go forward, Indianapolis-based Celadon added that it plans to offer positions to certain administrative, maintenance and driving employees of BMC, related to the amount of business that Celadon ultimately acquires.

Celadon operates a fleet of more than 2,600 tractors and 7,000 trailers.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish