Following a management buyout in 1996, Tom Baron and Barry Germany have set about building Foulger Transport’s fleet and customer base. Exec finds out more.
Written by Lucy Mowatt and Produced by Paul Radbourne
Ideally located alongside the A11 in Norfolk, Foulger Transport is a company that has grown substantially in the last decade, following a management buyout by three members of its management team. Since then it has built on its reputation to gain new customers.
Having been employed by Foulger Transport since the 1980s, Tom Baron was keen to explain the background of the company, and how it was that he came to be involved with a management buyout: “Richard Foulger who owned the company was my stepfather,” he says. “I started working for the company in 1984, and Barry joined in 1987. I then took my Class One, spent three years driving and then moved into the office alongside Barry and another manager, Jim Watson, who has since passed away.”
When the time came for Richard to retire Tom, Barry and Jim made the decision to buy the business.
“Richard was kind enough to help us with the finances,” Barry continues. “I was only a young lad, but had a passion for the business.” In order to safeguard the future of the company, it was purchased from Richard over a period of ten years to make it easier for the new owners.
Growing fleet
Since then, the company hasn’t looked back. “We have 81 lorries. When we took over, we had just 35,” Barry says.
Foulger Transport operates from eight warehouses now too – with a total floor space of 350,000 square feet. Two of these sites are directly owned by the company, and the company’s managers reveal that there may be opportunity…
May 07, 2008
Click here to view the corporate brochure on Foulger Transport