Celadon Group Announces Acquisition of Truckload Van Assets from CX Roberson
INDIANAPOLIS — Celadon Group, Inc. announced on January 18 that one of its wholly-owned subsidiaries purchased the truckload van business and approximately 370 tractors and 670 van trailers of CX Roberson, Inc. for approximately $22.7 million.In addition, Celadon offered employment to approximately 320 qualified drivers. According to the seller’s unaudited financial statements, the Champaign, Illinois-based van division of CX Roberson generated approximately $45 million in gross revenue in 2004. The transaction did not include Roberson’s flatbed business and related assets. Celadon Group, Inc. is a truckload carrier headquartered in Indianapolis that operates in the U.S., Canada and Mexico. Celadon is also the owner of TruckersB2B, Inc., which is a provider of cost benefits to more than 16,500 member fleets.