Lancashire millionaire sells Pontin's
A Lancashire multi-millionaire and Preston North End shareholder has sold his famous holiday camp business in a deal worth £46m.
Investment company Ocean Parcs has snapped up Pontin's from Hemway, the investment company owned by Trevor Hemmings.
It takes over the company's seven holiday villages - including the ones at Southport and Blackpool - and its head office in Eccleston near Chorley.
Executive chairman Graham Parr, a former member of the Pontin's senior management team, said he hoped the increase in people taking holidays in the UK would give the company a strong future.
He said: "This is almost like coming home for me. I know this business and many of its management well.
"I am very excited by the prospects and I am delighted to be a part of its future."
Mr Hemmings, the largest single shareholder in Preston North End, first bought Pontin's when he led a management buy-out team for the company in 1987.
He sold it to brewery firm Scottish and Newcastle two years later, leading to a major modernisation of the camps before it was sold back to Mr Hemmings in 2000.
See Friday's Lancashire Evening Post for more on this story.
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Wednesday 23 May 2012
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