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Railhub Archive 1995-10-04 DoT-002 Department of Transport0
BR’s catering business sold to MBO team
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         BR’s catering business sold to MBO team _______________________________________________________________

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type Press release note 315
John Watts, Minister for Railways and Roads, today welcomed the sale of British Rail's O.B.S Services business to a management buy out team. O.B.S, formerly On-Board Services, supplies food, drink and catering products to train operators, and undertakes some retail services on board trains. Welcoming the sale, Mr Watts said: "This is a significant sale. Products and services supplied by O.B.S are important ingredients in many people's trips by train. "This sale demonstrates that the process of rail privatisation is well under way. Freeing the business from the constraints of public ownership will bring new and broader opportunities for the company. This is very good news for O.B.S's customers and employees alike". A number of organisations had expressed interest in buying the business, which employs about 650 staff around the country. The business last year posted a turnover of about #30m and is being sold as a going concern. NOTE TO EDITORS 1. O.B.S is one of several BR support businesses to be sold in recent months. These include the sale in July of Baileyfield Switches and Crossings Works, Edinburgh, and, last month, the sale of Ditton Timber Treatment Works, Widnes. BR plans to sell about 20 other support businesses by the end of the financial year. # = pounds sterling
Railhub Archive ::: 1995-10-04 DoT-002
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