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Isuzu Motors backs MBO at Isuzu Truck UK

A joint venture team of Isuzu Motors Ltd and the directors and senior staff at Isuzu Truck (UK) Limited have bought a majority stake in the UK importer from RAC plc, which acquired the UK Isuzu Truck concession as Lex plc.

Under MD Nikki King, Isuzu Truck broke ranks with established truck franchise practice, innovations including the appointment of independent CV garages as commission sales agents.

Although the value of the deal has not been disclosed, it has been confirmed that Isuzu has increased its stake in its UK import distributor. Bank of Scotland, Isuzu Truck UK's partner in Isuzu Truck Finance, is supporting the business as its principal bank. RAC will continue to provide operator support and parts logistics through Multipart.

International Motors continues to distribute Isuzu's pick-ups as a separate import concession.

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