The owner of Ploof Truck Lines, a flatbed truckload carrier based in Jacksonville, Fla., is seeking to sell the company after filing for bankruptcy protection on Sept. 10.
Chairman Dan Copeland said he is negotiating to sell the business to AlphaCorp Holdings Ltd., a Canadian company that specializes in the turnaround of distressed businesses. The sale is subject to due diligence, however, and could be subject to “potential higher and more favorable offers,” he said.
At least one other trucking company owner, Dave Penland of Cypress Truck Lines of Jacksonville, has expressed interest.
“Although we might not match the Canadians’ offer to pay everybody in full, as a local, profitable trucking company, we can close the purchase and provide for the employees,” Penland was quoted as saying in the Florida Times-Union newspaper.
For the full story, see the Sept. 27 print edition of Transport Topics. .
