Celadon buy Foothill Corp. assets

Celadon buy Foothill Corp. assets
Celadon Group Inc. has reached an agreement with Foothill Corp. to purchase certain assets. (3/13/2002)
Foothill is a secured lender to Burlington Motor Carriers, a truckload carrier based in Daleville, Ind. Burlington has been reorganizing itself since July 2001. Under the deal, Celadon would receive tractors, trailers, customer contacts and lists, office equipment and general intangibles.
Based in Indianapolis, Celadon is a truckload carrier transporting freight between the U.S., Canada and Mexico. It is also the majority owner of TruckersB2B, an Internet-based business-to-business firm that provides discounted services and equipment for trucking companies.
Financial terms of the deal were not disclosed.